Understanding the rising costs of raising a child

CHARLOTTE, N.C. (QC Life) - Much like everything else, new research shows it is getting more and more expensive to raise a child.

To break it all down and to explain the rising costs, Mark Henry of Alloy Wealth Management joined the show.

On average, raising a child from birth to age 18 costs nearly $240,000.

One of the biggest expenses parents face is childcare. Housing and food are other major expenses.

That average cost does not include college, which can add up quick. Fortunately, there are things parents can do now to help fund their children’s higher education.

For more on the costs and how parents can remain cost-conscious, be sure to listen to our full conversation above.

Understanding the rising costs of raising a child

On average, raising a child from birth to age 18 costs nearly $240,000.

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