The cost to raise a child in the U.S. is approaching a quarter-million dollars.
A federal report finds that a child born last year will cost a middle-income American family an average of more than $245,000 by the time he or she reaches 18.
The Agriculture Department report was first issued in 1960, when a middle-income family spent a little more than $25,000 per child.
In today's dollars, that's about $198,000.
The report didn't factor in expenses after a child turned 18, such as college tuition.
It also didn't factor in expenses incurred during pregnancy.