Raising a child costs almost $240,000, new report finds

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A report from LendingTree says families are projected to spend nearly $240,000 to raise a child over 18 years.
0:37 | 09/18/23

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Transcript for Raising a child costs almost $240,000, new report finds
A LOT HAS CHANGED. >> RJ. >> RJ. >> THE ANNUAL COSTS TO RAY A >> THE ANNUAL COSTS TO RAY A CHILD IN THE U.S. HAVE JUMPED CHILD IN THE U.S. HAVE JUMPED NEARLY 20%, BETWEEN 2016 AND NEARLY 20%, BETWEEN 2016 AND 2021. 2021. ACCORDING TO LENDING TREE, IT'S ACCORDING TO LENDING TREE, IT'S UP TO MORE THAN $21,000 PER YEAR UP TO MORE THAN $21,000 PER YEAR FROM BIRTH TO AGE 18. FROM BIRTH TO AGE 18. THE AVERAGE COST IS MORE THAN THE AVERAGE COST IS MORE THAN $237,000. $237,000. THE PARENTS WHO PAY THE LEAST THE PARENTS WHO PAY THE LEAST ARE IN SOUTH CAROLINA, $169,000. ARE IN SOUTH CAROLINA, $169,000. THE MOST, HAWAII, $314,000. THE MOST, HAWAII, $314,000. AND THIS DOES NOT INCLUDE AND THIS DOES NOT INCLUDE COLLEGE TUITION. COLLEGE TUITION. >> THAT'S WHY BECKY AND I BOTH >> THAT'S WHY BECKY AND I BOTH HAVE ONE CHILD.

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