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How Is Your Child-Rearing Budget?

Touch the Soil News #592 What will it cost to raise a child – born in 2015 – through the age of 17? The USDA reports that the cost is an average of $233,610. That cost applies to married couple with two children that has before tax income between $59,200 and $107,400. For wealthier families with incomes over $107,400 expenditures can reach almost $400,000 to raise a child through age 17. For less affluent couples with incomes of $59,200 or less, the cost for raising a child through age 17 is $158,600. Not included in these costs is the cost of college. The USDA estimates that the annual cost of…

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