Nightly News   |  August 14, 2013

The price tag for rearing a child is as much as a home

The price for parents to raise a middle-class child could be financed as a mortgage in some parts of the country – and that’s before including the added expense of college. NBC’s Lester Holt reports.

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This content comes from Closed Captioning that was broadcast along with this program.

>>> a reality check for parents tonight. the cost for a typical middle class american family to raise a child in the u.s. is now more than $240,000. that number comes from the government and accounts for housing, food, clothing, toys, a lot of expenses but not college. that, of course, costs even more and as the cost of child rearing goes up, wages are going down.