Government Report Shows Price of Parenting Climbing - KTVN Channel 2 - Reno Tahoe News Weather, Video -

Government Report Shows Price of Parenting Climbing

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Children are their parents pride and joy, but raising a child is a labor of love that grows more expensive by the year.

According to a new government report, parents are spending 23% more on raising kids than their parents did in 1960. The Jagiello family knows this report all too well.

16-month-old Juniper Jagiello is one of more than 10,000 children on a waiting list to get free or subsidized child care at a non-profit center in Los Angeles.

Her father, Jeremy, supports the family as a nurse. Her mother Tamara wants to go back to school but says childcare services can cost up to $1,800.

According to a new report by the USDA, middle-class parents of a baby born in 2012 will spend about $241,000 raising their child from birth to age 18.

That's just for the basics. "That doesn't even include college, so it kinda makes me really wonder, um, that's a lot of money," said Tamara.

Housing is the largest expense for families, but child care and education costs have increased the most over the past few decades, now totaling 18%. 

Overall, food prices are lower for most parents, but it's still the second largest expense for low-income families.

"Food costs as a percentage of household costs are a much more considerable portion of raising a child in a lower income households," said Kevin Concannon, the agriculture under secretary.

The Jagiellos are grateful for what they have, but their wait for child care assistance could take months, or even years.

Written by Bagad Shaban

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