Average cost of raising a child

Family net worth is dropping, but college tuition is rising, and so is...the cost of raising children? Yes, the U.S. Department of Agriculture's annual report found that a middle-income family with a child born in 2011 can expect to spend about $234,900 ($295,560 with projected inflation rates) to raise that child over the next 17 years. This is a 3.5% increase from the cost of raising a child born in 2010. The USDA report, issued since 1960, considers everything from housing and food (some of the larger expenses) to clothing and child care.

Source:  BlackRock 

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