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All Grown Up: The Cost of Raising a Child

Neilson Spencer

Before college adds to the mix, American parents who welcome a child into the world can expect to spend between $200,000 and $500,000 over the child's first 17 years. To be more precise, a child born last year to someone in the lowest income bracket would cost $212,370 over 17 years, on average, compared to $490,830 for highest earners.

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