Expenditures on Children by Families, 2013

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By Mark Lino (au)
Year: 2013
Pages: 39
Binding Paperback
ISBN 978-1-4578-5705-8

Product Code: 1457857057

Description

Since 1960, the U.S. Department of Agriculture (USDA) 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 2013 dollars using the Consumer Price Index. Data and methods used in calculating annual child-rearing expenses are described. 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 $12,800 and $14,970 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. Tables and figures. The report projects that parents will spend $245,340 to raise a child born in 2013. This is a print on demand report.

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