New Report Reveals Staggering Cost Of Raising A Child

This article originally appeared and was published on

Attention new parents: hold on to your wallets.

According to a report released on Monday by the U.S. Department of Agriculture (USDA), the cost of raising a child born in 2015 is estimated to be a staggering $233,610 –- and that doesn’t include college tuition.


The jaw-dropping report derived the total sum by after calculating that middle-income couples in 2015 will spend between $12,350 and $13,900 annually on child-rearing expenses from birth through age 17.

Families with lower incomes are expected to spend $174,690, and families with higher incomes are expected to spend $372,210 within the same age frame, according to the report.

In all fairness, the USDA has been compiling the same report for decades, and the cost of raising a child has never been “cheap,” per se.

In 1960, the first year the report was ever issued, a middle-income family could have expected to spend $25,230 ($195,690 in 2012 dollars) to raise a child through age 17.

In case you needed another reason to call and thank your parents today, that seems like a pretty good one.

More from

17 unexpected signs you have a high IQ — even if doesn’t feel like it
Obama accuses media of ‘manufacturing outrage’ in lengthy rant on Iran deal
Wendy’s to ban chickens with human antibiotics by 2017

NOW WATCH: What Do Cockroaches Do And How To Get Rid Of Them | Everything Explained