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This is why your mom and I do staycations

December 28, 2012

$234,900 will get a child through age 17 in a middle-income family. That’s up 8.5 percent from ten years ago.

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?