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lectur2-page14 - increases. For middle income parents, they...

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The average annual inflation rate over the 20 year period from 1987 to 2006 was 3.1%. Over this time period, some years averaged less than this amount. From 1993 to the end of 1999, inflation averaged 2.4%. In future years, inflation may average higher. Notice that once inflation is figured in how much the expected cost to raise a child
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Unformatted text preview: increases. For middle income parents, they will spend about $269,040 by the time their child reaches 18 years old. That is over a quarter of a million dollars folks. 14...
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