Analysis: Inflation pushes cost of raising a child to $300K
Analysis: Inflation pushes cost of raising a child to $300K
(NewsNation) — The going rate to raise a child through high school has risen to $300,000 according to a Brookings Institution estimate, The Wall Street Journal reported Friday.
The estimate was determined assuming the child was born in 2015 to a family of four, and uses previous government baseline estimates that have been adjusted for inflation.
The figure they came up with was $18,271 a year —…
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