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It will cost an estimated $241,080 for a middle-income couple to raise a child born last year for 18 years, according to a U.S. Department of Agriculture report released Wednesday. That’s up almost 3% from 2011 and doesn’t  include the cost of college.

 At the same time, wages aren’t keeping up. The country’s median annual household income has fallen by more than $4,000 since 2000, after adjusting for inflation, and many of the jobs lost during the recent recession have been replaced with lower-wage positions

source: CNNMoney

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Young adults from affluent families are more likely to live at home than their poorer counterparts, a new study from Australia’s Melbourne Institute has found (via the Wall Street Journal). Three quarters of 20-year-olds from wealthy backgrounds live at home, while less than two-thirds of young adults whose families used welfare still rely on them for financial support, the report finds.

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According to Billboard, Jay-Z’s recent song “Glory,” which featured a recordIng of his daughter Blue Ivy’s first moments after birth, entered the Billboard Hip Hop/R&B charts at No. 74 this weekend. As a result, the daughter of the Roc Nation impresario, who is credited as B.I.C. on the song, became the youngest person to ever be featured on the Billboard charts only 48 hours after her birth.

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