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03/25/2008: "Raising a child costs middle income families $204,060"

Middle-income families can expect to spend $204,060 on feeding, housing and schooling a child born in 2007 until his or her 18th birthday, the U.S. government reported on Monday.

Child care and education costs will represent a larger share of costs for raising the '07 baby through adulthood than they have in the past, the Agriculture Department said in an annual study on child-rearing costs.

[ This is one reason why the middle class has fewer children and can't compete with the over-fecundity of typically impoverished people: it costs a fortune to raise kids well. ]

http://news.yahoo.com/s/nm/20080324/lf_nm_life/usa_children_dc