It Now Costs $300,000 to Raise a Child

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It Now Costs $300,000 to Raise a Child
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It now costs more than $300,000 to raise a child, or more than $18,000 a year for expenses like food, housing, haircuts and sports

A middle-income family might spend more than $18,000 a year on average, as inflation hits food, housing, haircuts and sports, Brookings analysis finds

Middle-income Americans have built up less savings, lost more in the market downturn and face higher average inflation in 2022. WSJ’s Dion Rabouin uses three key data points to explain.

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