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Raising a child now costs more than $300,000, thanks to inflation

Soaring inflation has made almost everything more expensive. And it has significantly increased the cost of one major budget buster raising kids.

Isabel sawhillMorgan welchDiscovery companyWarner brosUs department of agricultureBrookings institutionBureau of labor statisticsFederal reserveCable news network incWall streetLabor statisticsNews network

It now costs more than $300,000 to raise a child, thanks to inflation

Food is the second most expensive budget item when raising a child, the USDA found, making up 18% of the total cost in its original calculation.

Isabel sawhillMorgan welchUs department of agricultureBrookings institutionBureau of labor statisticsBrookings institution theWall street journalLabor statistics

It now costs more than $300,000 to raise a child, thanks to inflation

Food is the second most expensive budget item when raising a child, the USDA found, making up 18% of the total cost in its original calculation.

Isabel sawhillRamishah marufMorgan welchUs department of agricultureBrookings institutionBureau of labor statisticsFederal reserveBrookings institution theWall street journalLabor statisticsWall street

It now costs more than $300,000 to raise a child, thanks to inflation

Food is the second most expensive budget item when raising a child, the USDA found, making up 18% of the total cost in its original calculation.

Isabel sawhillRamishah marufMorgan welchUs department of agricultureBrookings institutionBureau of labor statisticsFederal reserveBrookings institution theWall street journalLabor statisticsWall street

It now costs more than $300,000 to raise a child, thanks to inflation

Food is the second most expensive budget item when raising a child, the USDA found, making up 18% of the total cost in its original calculation.

Isabel sawhillRamishah marufMorgan welchUs department of agricultureBrookings institutionBureau of labor statisticsFederal reserveBrookings institution theWall street journalLabor statisticsWall street

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