October 10, 2014

The joys of raising a child are countless, but with children come responsibilities such as the need to provide clothing, food, health care and an education.

Gerber Life Insurance Company has compiled and compared the cost of raising a child in the U.S. from birth to age 18 in 2013 vs. 1960 – the first year that the United States Department of Agriculture published data on the expenditures on Children by Families. The results, which include the average cost to attend college for one year, may surprise you.

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Tags: college planning, parenting tips, raising children, saving money

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