As exciting as it is to welcome a new addition to your family, it's also majorly taxing on your physical health, your mental health, and, of course, your finances. Translation: raising a child can be very expensive. But how expensive, exactly? And how much does it cost to raise a child in 2024? When Brookings Institution analyzed 2015 data from the US Department of Agriculture, they calculated the current cost to raise a child from birth until age 17 to be around $310,605. That number - which totals about $17,000 a year - represents a $26,000 increase from the USDA's previous projections, due to a rise in inflation. Worth mentioning: this total calculated cost is based on middle class, mar
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