For $235,000, you could indulge in a shiny new Ferrari — or raise a child for 17 years! A government report released Thursday found that a middle-income family with a child born last year will spend about that much in child-related expenses from birth through age 17. This doesn't include tuition costs for private schooling or Bar/Bas Mitzvah expenses, so raising a child in the Orthodox Jewish community actually costs a whole lot more.
Study: Raising a Child Costs $235,000
For $235,000, you could indulge in a shiny new Ferrari — or raise a child for 17 years! A government report released Thursday found that a middle-income family with a child born last year will spend about that much in child-related expenses from birth through age 17. This doesn’t include tuition costs for private schooling or Bar/Bas Mitzvah expenses, so raising a child in the Orthodox Jewish community actually costs a whole lot more.
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