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Report: It costs about $235,000 to raise a child. Do you think you'll spend that much?

Print | Comments () Posted by Kristi Palma June 15, 2012 12:21 AM

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A child costs as much as a new Ferrari.
At least, that's what a government report released this week said. And that's before sending him off to college!
Back in 1960, the cost of raising a child was estimated at just over $25,000. Today, child-related expenses for a child from birth to age 17 will cost a middle-income family about $235,000.
The report blames housing for most of the cost. And today's childcare expenses factor in as well.
What do you think? Do you think your family will spend $235,000 on your child?

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Kristi Palma, Boston.com Moms producer, is the mom of a kindergartner and a preschooler. She is a writer who enjoys cooking her grandmother's Italian recipes (when her son isn't launching paper airplanes into them). Follow her on Twitter @kristipalma.

Jennifer Clark Estes is a teacher, writer, blogger, and the mother of four young children. In her free time, she blogs at A Mom's World, plays with the kids (or chauffeurs them around), and is desperately seeking a quiet spot so she can read a book. Follow her on Twitter @JenniferCEstes.