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It could cost $233,600 to raise a kid

Posted at 6:45 AM, Jan 10, 2017
and last updated 2017-01-10 08:45:24-05

Having a child costs more than most parents can imagine.

The government says it will cost more than $233,600 to raise a child born last year until age 17.

The Department of Agriculture says housing is the biggest expense. Extra food is the second biggest cost.

The upside is that it costs $12,000 less to raise a kid today than it did in 2013.