By: Steven Pressman
Raising children is expensive. A typical middle-class, two-child family spends $13,000 annually on each child, or nearly a quarter-million dollars per child in total through age 17. This tally includes neither college costs nor the cost to a family of putting money aside to help the children attend college, which itself can easily run another quarter of a million dollars or more for each child. The challenge is even greater for poor families that have little income and need to spend a large fraction of it supporting their children. Most families with children in the United States […]
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