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Children are Priceless or Are They Children are priceless but raising them is probably the most expensive thing youll ever do Every newborn child is a bundle of joy But you better have a bundle of cash on hand if you want to raise one Last year the US Department of Agriculture - which conducts annual Consumer Expenditure Surveys on the cost of raising children -- estimates that families making 61900 a year or more will spend a whopping 237000 to raise a child from birth through age 17 Though not as steep the figures for lower-income families are just as unsettling 160 140 for families earning 38600 to 61900 and 117390 for families making less than 38600 That breaks down to more than 12500 a year from birth to age two for families in the 61900-plus income bracket as your ages he or she gets even more expensive topping out at 13800 from ages 15 to 17 The survey involved visits to and interviews with about 5000 households four times a year Nor is there much in the way of cost-effectiveness for larger families With an older child aged 16 the USDA study says a family with a second child under two lays out 17980 for the both of them each year with the numbers growing progressively as the children get older With three children - the two older ones being 16 and 13- a third child aged two years or less rings up an annual bill of 21070 The numbers are shocking and misleading On the down side the study doesnt take into account certain expenses incurred by some families such as heavy medical bills or expensive private schools Even worse since the survey ends at age 17 it doesnt take into account the millions of college students who are supported in part or in full of the parents Thats another 20000 to 150000 for a four-year degree depending on
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