Steve & Gina in the Morning

Steve & Gina in the Morning

Steve & Gina are proud to be part of the Kat Country Community. Listen weekdays from 5:30am-10:00am Full Bio

 

You won't believe the cost of raising kids- this number is before college

Two young children wearing school uniforms exit their front door

Photo: Catherine Falls Commercial / Moment / Getty Images

  • Lending Tree says the average cost of raising a kid from birth to age 18 is nearly $240,000 - and that's before parents try to send them off to college.
  • The company said its figures are even based on "bare bones" child-rearing, factoring food, housing, childcare, apparel, transportation, health insurance and even any possible tax breaks.
  • One credit analyst said "It's completely understandable that people are scared to death of how they are going to pay to raise that kid. It's daunting when you consider that we don't even factor in the cost of college, for example, in these numbers."
  • Paying for college could double the costs for a family.

CLICK HERE for the full story

Photo: Getty Images


Sponsored Content

Sponsored Content