How much does it cost to raise a child the first year?
According to a USDA report, the average middle-income family spends between $12,000 and $14,000 on child-related expenses each year. For newborns, the cost is higher, where some studies show numbers ranging from $20,000 to $50,000 for the child’s first year of life, depending on location and the household income.
How much does it cost to raise a child in 2019?
Key Takeaways. On average, middle-income parents will spend $284,570 by the time a child turns 18. The largest expense is housing, followed by food. The cost of childcare varies widely and depends on where you live.
How much money do you need to raise a child?
In 2017 the U.S. Department of Agriculture (USDA) estimated that the average cost of raising just one child from birth up to age 17 is about $233,610.
How much is a kid per year?
The USDA figure for a middle-income couple raising a child to adulthood equals out to nearly $13,000 a year, or $1,081 per month.
What programs are helping to prevent teenage pregnancy?
Learn about the Teen Pregnancy Prevention Program The OPA Teen Pregnancy Prevention (TPP) Program is a national, evidence-based grant program that funds diverse organizations working to prevent teen pregnancy across the United States.
Who are the youngest parents?
The youngest confirmed birth mother in world history was Lina Medina, a Peruvian girl who gave birth at the age five years, seven months and 21 days in May 1939. Her father was reported to have been arrested on suspicion of having raped his daughter, but was later released without charge.
How do you avoid early pregnancy?
9 Ways to Avoid Pregnancy
- Contraception.
- Don’t miss a dose.
- Be on time.
- Double up.
- Use condoms correctly.
- Track your ovulation.
- Emergency contraception.
- Think long term.
How much money do I need for a baby?
A normal pregnancy typically costs between $30,000 and $50,000 without insurance, and averages $4,500 with coverage. Many costs, such as tests that moms who are at-risk or over age 35 might opt for, aren’t totally covered by insurance. Plan to have at least $20,000 in the bank.
How hard is it to raise a child?
Raising children is hard, and any parent who says differently is lying. Parenting is emotionally and intellectually draining, and it often requires professional sacrifice and serious financial hardship.