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Diane Publishing Books
Expenditures on Children by Families, 2012
Mark Lino (au)
Since 1960, the U.S. government has provided estimates of expenditures on children from birth through age 17. This report presents the most recent estimates for husband-wife and single-parent families using data from the 2005-06 Consumer Expenditure Survey, updated to 2012 dollars using the Consumer Price Index. Estimates are provided for major components of the budget by age of child, family income, and region of residence. For the overall U.S., annual child-rearing expense estimates ranged between $12,600 and $14,700 for a child in a two-child, married-couple family in the middle-income group. Adjustment factors for number of children in the household are also provided. Results of this study should be of use in developing State child support and foster care guidelines, as well as in family educational programs. Figures and tables. This is a print on demand report.
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