Parents, Save Up: It Costs $233,610 to Raise a Kid

Expecting a baby? Congratulations! Better put plenty of money in your savings account. The estimated cost of raising a child from birth through age 17 is $233,610 — or as much as almost $14,000 annually, the Department of Agriculture says. That’s the average for a middle-income couple with two children. It’s a bit more expensive in urban parts of the country, and less so in rural areas. (cbsnews.com)