In 1960, parents paid just $25,299 to raise their child to the age of 18. Adjusted for inflation, this total is $202,020. Sounds like a lot, doesn’t it? Only the actual figures today are even higher. Parents in the 2010s are spending upwards of $233,610 just to cover the same...

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By Charlotte Hur

  In general, upper class parents spend twice as much on their children when compared to lower class parents. This statistic comes from the USDA’s 2015 report entitled “Expenditures on Children by Families.” The USDA has been tracking these costs since 1960, and the trends are very telling. We are...

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By Charlotte Hur
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