Interesting numbers. Spread out over 20 years, it’s about $25,000 per kid per year. Although, I can the economies of scale can be applied (i.e. sharing a room, hand-me-down clothes, etc).
Figuring out how much Americans spend on their children — the diapers and baby food, the sports teams and braces, not to mention housing and education — is a daunting task. The U.S. Department of Agriculture has attempted just that since 1960.
Read Full Story: How Much Does It Cost to Raise a Child? – Real Time Economics – WSJ
