According to a new poll released yesterday, a child born in 2009 will cost around $222,360 to raise to maturity (not including college tuition). I had a son in November of last year and this number is astounding to me. Based on previous reports by the Agriculture Department, the overall cost of raising a child rose 15% in inflation-adjusted dollars between 1960 and 2008.
I know it's only an average but... wow... a quarter of a million dollars to raise my son until he reaches 18. Please keep those coupons, freebies, and sales coming!!!!