New Study: Cost Of Raising Kids On The Rise

Having kids is expensive and now, new government numbers show the cost is rising. According to a report from the USDA, parents with a baby born in 2012 will spend nearly quarter of a million dollars over 17 years. That's up about $6,000 from the year before. That number doesn't include the cost of college. Among the reasons for the increase include child care, health care, and clothing expenses.