It’s no secret that raising a child is expensive — but did you know it will cost on average $245,000?!
According to the U.S. Department of Agriculture, to raise a child born in 2013 to the age of 18, it will cost a middle-income couple $245,340. And that’s NOT including college!
But, that’s only half the story. If you are a high-income family who lives in the urban Northeast, you may spend nearly $455,000 for the same time period, while low-income rural families will spend around $145,500.
These statistics blew my mind! I (SASY V) recently stopped by The Rubin Report to discuss these findings and you can clearly see the shock on my face. Take a look at the video below…do you agree with my thoughts?