According to a new report from the U.S. Department of Agriculture, raising a child born in 2013 will cost parents close to a quarter million bucks. $245,340 to be exact. (Over $300,000 if adjusted for anticipated inflation.)
And, thank God we have the federal government to explain it all to you. I mean, my guess is that most millennials starting their careers, falling in love, and thinking of starting a family (they still do these things in that order, don’t they?) have absolutely no idea that bringing children into the world might affect their spending money and future financial planning.
Fear not youngsters, Uncle Sam is here with well-financed research to explain it all for you.Read More