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All tips : Life talk : Baby, you’re priceless

Baby, you’re priceless
by Nancy and Betsy


While you can't put a price tag on your little angel, there's no question that such lovely little creatures aren't cheap to raise. But just how much does it really cost to raise a child from birth to age 17 - excluding college tuition? According to a report issued in May by the U.S. Department of Agriculture, estimated yearly expenses vary considerably by household income level and child's age.

For the lowest-income group in the study, annual costs ranged from $6,490 to $7,560; in the middle-income group, from $9,030 to $10,140; and families earning the most paid from $13,410 to $14,670. These expenditures were tallied for two-child households with married parents; however, the expenses in single-parent families were very similar, with the notable difference that the majority of single moms and dads were in the lower income group.



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