The cost of raising kids, in two charts


(Source: USDA)

The biggest jumps in spending were on health care, which doubled from 4 to 8 percent of total costs, and child care, which shot up from 2 to 18 percent of total costs, given the rise in women working outside the home. On the other hand, technological advance have helped curb expenses on food and clothing. The USDA’s Center for Nutrition Policy and Promotion has produced the report since 1960.

The USDA notes, in perfectly dry bureaucrat-speak, that the “considerable” cost of raising children “may be outweighed by the benefits of children.”

business

Success! Check your inbox for details. You might also like:

Please enter a valid email address

See all newsletters

Comments
Show Comments
Most Read

business

Success! Check your inbox for details.

See all newsletters