CHICOPEE, Mass. (WWLP) – One of the biggest challenges to a parent today can providing their children with a home. That is according a newly-released report from the U.S. Department of Agriculture, which found that the cost of a home takes up about 30% of the total cost to raise a child.
Child care and education made up another large portion of that cost. 22News spoke to mothers here in western Massachusetts about what other costs they experienced.
“The prices of everything just keep going up, and kids need more and more and more; especially with technology and tablets and computers and all that kind of stuff,” Joan Barnard of West Springfield said.
The USDA report found that the expense of raising a child went down as a family had more children, because of things like sharing a bedroom and hand-me-down clothing.
The report looked at the cost of raising a child after birth and before college. Researchers found that the total cost to raise a child went up about 2% in the last year, and is likely to continue to rise.