how much does it cost to raise a teenager in the us
How much does it cost to raise a teen? According to a new survey, it costs an average of almost $37,000 to raise a teenager today. That breaks down to around $6,000 a year, although different years cost more than others. The most expensive age is 16.
For a rough estimate of how much it costs to raise a child to adulthood, we have a new study from BMO Harris. The bank found that each child cost (on average) $795 per month, although some surveyed said that the number was closer to more than $2,000 a month. Of course, nobody really figures on child raising to be so expensive. And it largely depends upon where you live.