Teens are expensive to raise
Who knew that raising a teen could cost more than a million rand?
American middle-income parents with a child born in 2010 can expect to spend $226,920 (more than R1.5 million) over the next 17 years.

The United States Department of Agriculture's annual 'Expenditures on Children by Families' report, in which the figure was published, is used as a guide in setting child-support and foster-care payments.

The latest figure for raising a child is up 2% from 2009, largely because of higher costs in transportation, child care, education, and healthcare, a USDA statement said.

The report also evaluates other household expenditures and child-rearing expenses such as housing, food, and clothing.

Lower-income families

For lower-income families, those earning less than $57,600 (almost R400,000) a year, parents can expect to spend a total of $163,440 (more than R1 million) through the time the child finishes high school. Families earning over $100,000 (almost R700,000) are more likely to spend around $377,000 (around R2.5 million).

Housing is consistently the largest expense in raising a child, claiming 31% of the total that middle-income families can expect to pay. The next biggest expense is child-care and education, followed by food.

Geographically, the cost to raise a child can differ by as much as $2,500 (almost R17,000) per year, with the most expensive region being the urban Northeast, and the least expensive being the rural South.

What do you think it would cost a South African family to raise a teen?

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