Good Question: Why Is Child Care So Expensive?
Posted 8/15/13 - WCCO (CBS) CH-4
We love them to death, but any parent knows, it’s expensive to raise a child. New numbers from the USDA estimate the cost to raise a boy or girl born in 2012 is $241,080 – up 2.6 percent from two years ago.
The largest expenditure is housing – about 30 percent. Child care/education (not including college) is second at 18 percent and food comes in third at 16 percent. Transportation, clothing, healthcare and miscellaneous make up the rest.
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