The Corner

Alas, Not So Shocking

Raising a kid costs a quarter mil:

ST. LOUIS – It’s no secret that raising children can be expensive, but how about nearly a quarter of a million dollars expensive?

A government report released Tuesday says a middle-income family with a child born last year will spend about $221,000 raising that child through age 17.

The report by the USDA’s Center for Nutrition Policy and Promotion identified housing as the largest single expense, followed by food and child care/education costs. The $221,000 in expenses rises to about $292,000 when adjusted for inflation.

Jonah Goldberg, a senior editor of National Review and the author of Suicide of the West, holds the Asness Chair in Applied Liberty at the American Enterprise Institute.

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