- 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.
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