TCTI: Too Crazy To Ignore
Dave Ross

If you knew how much it cost to raise a child

screamingbaby.jpg
The latest report from the Agriculture Department says that raising a kid to the age of 18 will cost, on average, more than $241,000. That's up about $6,100 in one year. (AP Photo/File) | Zoom
If you knew how much it cost to raise a child ... would you?

The latest report from the Agriculture Department says that raising a kid to the age of 18 will cost, on average, more than $241,000. That's up about $6,100 in one year.

"When adjusted for inflation, the cost of raising a child born in 2012 is 23 percent higher than for a child born in 1960," explains CBS's Elaine Quijano. "The fastest rising costs are child care and education, health care and clothing, all up 3.6 percent or more compared to the year before."

And I'll bet that doesn't even include the cost of college.

"The report does not include the cost of college, or take into account the income lost by parents who stay at home," reports Quijano.

I thought not.

Now this varies by region - it costs higher than the average in the Northeast, lower in the south; and the Agriculture Department points out that once you have the first child, each additional one costs incrementally less. The economy gives you a multi-child discount. That's all good to know because knowledge is power.

There is one problem with studies like this.

Ask yourself: which potential parents are these statistics likely to discourage from having more children?

Yes, the ones who actually plan for things like the cost of raising a child. And who define that cost as including things like child care and education. And who actually keep a budget. And while those potential parents are agonizing, "Oh my gosh, can we really afford children?" and letting their biological clocks run down, I can't help but wonder what those other people who can't even balance a checkbook are busy doing.

Dave Ross, KIRO Radio Morning News Anchor
Dave Ross hosts the Morning News on KIRO Radio weekdays from 5-9 a.m. Dave has won the national Edward R. Murrow Award for writing five times since he started at KIRO Radio in 1978.
Top Stories

  • Seahawks Schedule
    The Seahawks have released the 2014 regular-season schedule

  • Save the Buses?
    A group is gathering signatures to save transit, but Michael Medved has another solution
ATTENTION COMMENTERS: We've changed our comments, but want to keep you in the conversation.
Please login below with your Facebook, Twitter, Google+ or Disqus account. Existing MyNorthwest account holders will need to create a new Disqus account or use one of the social logins provided below. Thank you.
comments powered by Disqus
Sign up for breaking news e-mail alerts from MyNorthwest.com
In the community
Do you know a student who stands out in the classroom, school and community?
Help make their dreams come true by nominating them for a $1,000 scholarship and a chance to earn a $10,000 Grand Prize. Brought to you by KIRO Radio and Comprehensive Wealth Management.

Do you know an exceptional citizen who has impacted and inspired others?
KIRO Radio and WSECU would like to recognize six oustanding citizens this year. Nominate them to be recognized and to receive a $2,000 charitable grant.