Yes, your children are priceless. But every year the USDA crunches numbers and tells you exactly how much it’ll cost you to raise that little bundle of joy from birth to adulthood.
The latest figure?
A child born in 2013 will cost a middle-income American family an average of $245,340 to raise – and that number will go up, because of inflation.
It also does not include the cost of higher education. And depending on where you live, you might have to pay even more.
ABC’s Scott Goldberg joined us to discuss.
Follow us on Twitter: