Government Information

Earl Gregg Swem Library

Expenditures on Children by Families, 2015

Categories: Births/Deaths,Children,Headlines,Marriage/Family,Prices/Inflation,Statistics

https://www.cnpp.usda.gov/sites/default/files/expenditures_on_children_by_families/crc2015.pdf

AKA. The Cost of Raising a Child.  Estimates that families will spend an average of $233,610 to raise a child, born in 2015,  from birth to age 17.  Includes a range of expenditure levels, from

$174,600 for lower income families to $372,210 for higher income families.  Does not include the cost of a college education.  The annual report is used by states to determine child support and foster care guidelines.  From the U.S. Department of Agriculture