Expenditures on Children by Families provides estimates of the cost of raising children from birth through age 17 for major budgetary components.
The Expenditures on Children by Families annual report provides estimates of the cost of raising children from birth through age 17 for different budgetary components, including food, housing, transportation, health care, clothing, child care and education, and miscellaneous costs.
The annual report, Expenditures on Children and Families, also known as the Cost of Raising a Child, shows that a middle-income family with a child born in 2013 can expect to spend about $245,340 ($304,480 adjusted for projected inflation) for food, housing, childcare and education, and other child-rearing expenses up to age 18. Costs associated with pregnancy or expenses occurred after age 18, such as higher education, are not included.
Today, the U.S. Department of Agriculture (USDA) released its annual report, Expenditures on Children by Families, also known as the Cost of Raising a Child. The report shows that a middle-income family with a child born in 2012 can expect to spend about $241,080 ($301,970 adjusted for projected inflation) for food, shelter, and other necessities associated with child-rearing expenses over the next 17 years.
The Low-Cost, Moderate-Cost, and Liberal Food Plans outline nutrient-dense foods and beverages, their amounts, and associated costs that can be purchased on three successively higher budgets, each supporting a healthy diet through nutritious meals and snacks at home. The Low-Cost, Moderate-Cost, and Liberal Food Plans are used by various federal and state agencies and the court system.
The Thrifty Food Plan, a fundamental part of the U.S. food guidance system and the basis for maximum food stamp allotments, has been revised by USDA’s Center for Nutrition Policy and Promotion, with assistance from USDA’s Food and Nutrition Service, Economic Research Service, and Agricultural Research Service. The TFP provides a representative healthful and minimal cost meal plan that shows how a nutritious diet may be achieved with limited resources. The plan assumes that all purchased food is consumed at home.