How much does it cost to raise baby? A lot
It costs over $245,000 (241 million won) to raise a child until he or she is 18 in the United States, according to a recent news report, and the situation in Korea isn’t much better. / YonhapBy Jane HanI recently read in the news that it will cost just over $245,000 (248 million won) to raise a child until he or she is 18 here in the U.S. I instantly multiplied this ridiculous amount by three and thought, uh-oh.My husband and I are going to have to — somehow— shell out nearly $750,000 for our three children before they even get to college. And we all know how expensive U.S. college tuition is.But as unbelievable as this number sounds, I was somewhat in disbelief when I first came across this unwelcomed news.I mean, babies sure can be costly these days, but a quarter of a million dollars? I didn’t know about that.I looked at the breakdown of the figure and saw that the U.S. Department of Agriculture based the calculation on the cost of housing, food, transportation, clothing, health care, education, child care and other expenses, including minor but regula
Aug 31, 2014
