Raising That '07 Baby Will Cost $204,060 In U.S.

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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.

"The cost of providing food decreased from 24 percent to 17 percent of total child-rearing costs, while child care and education expenses increased from 2 percent to 12 percent," the department said.

Read the whole story at Reuters

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