1. Here’s one thing all parents know: raising kids ain’t cheap.
2. But now we know exactly how expensive it is. A new report from the U.S. Department of Agriculture (USDA) estimates that it will cost a middle-income married couple $233,610 to raise a new baby to the age of 17.
Lower-income families are expected to spend $174,690 while those with higher incomes are expected to spend $372,210.