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Expenditures on Children by Families, 2013
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

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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