Posted By: Sean Brown
Hang on to your hats, prospective moms and dads: The U.S. Department of Agriculture speculates that a middle-income family will spend more than $165,000 (in today's dollars) raising one child to the age of 18. That's not counting fertility treatments if needed, adoption costs, private schools, after-school lessons, or college, which can add $100,000-300,000 to the bill. In 1960, parents spent an average of only $146,000 (in today's dollars) raising a child.
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