04/10/2013 08:32 am ET Updated Dec 06, 2017

You Could Spend Up to $500,000 on Your Child Before They Turn 17

According to some striking data presented in TurboTax's latest infographic, the average American can expect to spend between $200,000 - $500,000 on their child during the first 17 years of their young one's life.

The graphic makes some remarkable visualizations of where money spent on the child is truly going, with the highest percentages going to paying the child's housing and food costs during the earlier parts of their life, with both of those categories shrinking as the child approaches age 17 and slowly becomes more dependent on their own income.

Here's a complete look:


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