4.1 β’ 5.3K Ratings
ποΈ 17 April 2025
β±οΈ 11 minutes
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0:00.0 | When it comes to the cost of raising a child, from infancy to the age of 17, in the United States, it's hard to settle on a precise figure. |
0:10.0 | There's one thing we do know, it's going to be expensive. |
0:13.0 | In 2017, the U.S. Department of Agriculture's Food and Nutrition Service put out a number, |
0:20.0 | it estimated that a middle-income two-parent |
0:23.0 | family with two children could expect to spend close to $14,000 per year to raise one child |
0:30.2 | born in 2015. Now, add that up over the course of 17 years and you are north of $233,000. Again, those figures are from 2015. |
0:41.6 | Adjust for inflation and raising a kid to adulthood could cost a middle-class family close to |
0:47.9 | $320,000. That money goes to child care, health care, food, clothes, education, transportation, activities, toys, and a lot more. |
1:00.9 | And all of those things will be affected one way or another by the Trump administration's tariff policy. |
1:07.8 | Meaning, if these tariffs stick around a while, the cost of raising a child in the U.S. |
1:13.0 | just got even more expensive. And for the companies that sell products geared at raising |
1:18.4 | those kids, they're going to fill the pinch as well. |
1:21.8 | Our whole industry has stopped ordering products from China due to the 145% tariffs. |
1:27.7 | That is Stephen Dunn, CEO of Munchkin, Inc., a U.S.-based company selling juvenile and |
1:34.8 | maternal products. Think sippy cups, bath toys, breast pumps. So consider this. Being a parent |
1:41.8 | in the U.S. is already expensive. Slopping tariffs on the products kids use could make it more so. |
1:53.2 | From NPR, I'm Mary Louise Kelly. |
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