News

Report: Cost to raise today’s child tops $245,000

Report: Cost to raise today’s child tops $245,000

PAYING FOR BABY: The USDA's report was first issued in 1960, when a middle-income family spent about $25,230 per child. That's about $198,000 in 2013 dollars. Photo: clipart.com

WASHINGTON (AP) — A federal report finds that an American child born last year will cost a middle-income family an average of more than $245,000 until he or she becomes an adult.

The Agriculture Department’s report found that families in the urban Northeast tend to pay more on average than the rest of the nation. The costs of food, housing, childcare and education have risen 1.8 percent since 2012.

The USDA’s report was first issued in 1960, when a middle-income family spent about $25,230 per child. That’s about $198,000 in 2013 dollars.

Housing expenses made up 30 percent of the cost, followed by childcare, education and food. The report didn’t factor in expenses after a child turned 18, such as college tuition.

Local Headlines

in Local

Law Enforcement Reports

carlstrom

A former Dickinson County Attorney was recently arrested on a charge of O.W.I. 1st offense...

in Local

Dickinson County Flag and Logo Contest

flag

Design ideas for a new Dickinson County flag and logo are being sought....

in Local

Disabilities Conversation In Spencer This Monday

sunshine

Monday's event will start at 1:00 at Spencer City Hall...

in Local

CCCF Awards Ceremony Monday Night

ccccf

The public is invited to the annual Clay County Community Foundation awards ceremony...

in Local

Worthington False Identity Arrest

lawenforcement1240

A Worthington woman faces multiple felony charges after using another persons identity to work and get a vehicle...