$245,340: Cost of raising a child born in 2013. A middle-income family with a child born in 2013 can expect to spend about $245,340 for food, shelter and other expenses up to age 18.
The report, issued annually by the USDA since 1960, found housing was the single-biggest expense, averaging about $73,600 or 30% of the total cost of raising a child, followed by child care/education at 18%.
Child care costs have soared dramatically since the first report 53 years ago. Back then, a middle-income family could have expected to spend $25,230 ($198,560 in 2013 dollars) to raise a child until the age of 18.
BBC’s Regan Morris speaks to some of the state’s youngest entrepreneurs. Meet the youngsters starting and running their own businesses.
During his time in the Association, Desmond Mason was not afraid to dunk in the face of anyone. Now that he’s retired, he’s not afraid to show his art to anyone.
No suprise here. America’s wealth still belongs to rich white men.
Washington resident and Microsoft founder Bill Gates’ $80 billion net worth makes him the richest person in the country (and the world). The least rich individual on the map is Robert Gillam, founder of McKinley Capital, an Alaska-based institutional investment firm. But don’t feel too bad for him — he’s worth a cool $700 million.
Heirs to the Walmart empire dominate three states: Arkansas (Jim Walton, worth $35.7 billion), Texas (Alice Walton, worth $35.3 billion) and Wyoming (Christy Walton, worth $37.9 billion). Here’s to so-called upward mobility.
Movoto used wealth data from Forbes and Celebrity Net Worth to create the map.
From his first print to 10-story murals, Shepard Fairey has personally driven his growth and evolution as an artist over the past two decades. To create our latest Hennessy V.S Limited Edition Bottle, Shepard applied the same tenacity and passion for experimentation and perfection that pushes him to Never stop. Never settle.
John Paul Dejoria, co-founder of John Paul Mitchell Systems and Patron Tequila, really is living the American Dream.
Mr Dejoria admitted that he was once homeless with a child in his early twenties, but that just stoked his passion to succeed.
He tells Bloomberg the business ethos that fuelled his meteoric rise to the top.