It will cost a middle-income family $234,900 to raise a child born in 2011 from infancy through age 17. If mom and dad foot the bill for four years of college, add another $68,524 for a public school education and $154,356 for private college. Without college, the cost of raising a child in a middle-income family rose from $216,505 in 2001 to $234,900 in 2011, an 8.5 percent increase.
What were the biggest factors making child-raising more costly? Today’s infographic has more details. Check it out above, then join our daily discussion below. What expenses do you think are required, and what’s optional?