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$221,800 or more to Raise A Kid

 
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CafeSSJ
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PostPosted: Tue Aug 25, 2009 2:21 pm    Post subject: $221,800 or more to Raise A Kid Reply with quote

http://articles.moneycentral.msn.com/CollegeAndFamily/RaiseKids/RaisingYour290000Baby.aspx?GT1=33004

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Sobering? No doubt. Misleading? Yes. The study doesn't take into account certain expenses incurred by some families, such as heavy medical bills or pricey private schools. It's a composite average, and, by definition, that means your numbers will be a little (possibly a lot) higher or lower. And because the survey ends at age 17, it doesn't take into account the millions of college students who are supported in part or in full by their parents. In 2020, you'll need nearly $225,000 for a private college or $105,000 for an in-state public university.

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