News

Report: Cost to raise today’s child tops $245,000

Report: Cost to raise today’s child tops $245,000

PAYING FOR BABY: The USDA's report was first issued in 1960, when a middle-income family spent about $25,230 per child. That's about $198,000 in 2013 dollars. Photo: clipart.com

WASHINGTON (AP) — A federal report finds that an American child born last year will cost a middle-income family an average of more than $245,000 until he or she becomes an adult.

The Agriculture Department’s report found that families in the urban Northeast tend to pay more on average than the rest of the nation. The costs of food, housing, childcare and education have risen 1.8 percent since 2012.

The USDA’s report was first issued in 1960, when a middle-income family spent about $25,230 per child. That’s about $198,000 in 2013 dollars.

Housing expenses made up 30 percent of the cost, followed by childcare, education and food. The report didn’t factor in expenses after a child turned 18, such as college tuition.

Recent Headlines

in Local

Measure Banning Electronic Cigarettes for Minors Passes Legislature

Fresh
HEALTHY SMOKING

Vaping's not for kids. At least, that's what Illinois lawmakers say.

in Local

Lawmakers Could Consider “Turnaround Agenda” Items Wednesday

Illinois Gov. Bruce Rauner delivers his inauguration address Monday, Jan. 12, 2015, in Springfield, Ill., after being sworn in as Illinois' 42nd governor.

Proposals addressing workers compensation, changes to the civil legal system and a freeze on properties taxes are on the agenda today in Senate committees.

in Local

Sparks Fly as House Moves $36.3 Billion Spending Plan

Illinois Speaker of the House Michael Madigan, D-Chicago, talks from the speakers podium in the House chambers Tuesday, May 13, 2014, in Springfield Ill. The Illinois Legislature resumes work toward its end of May deadline.

Budget bills are moving out of the Illinois House and are being prepared for floor action in the Senate.

in Local

Fulgenzi, Langfelder Continue to Address Liquor License Voting Concerns

5-26-15 John Fulgenzi

"It is what it is, and we have to make sure it works."

in Local

SMTD Votes to Cut Routes, Including State Fair Service

5-26-15 SMTD

The Springfield Mass Transit District will be doing away with several routes that officials say are unused, in just a month's time.