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Revised cost to raise child may cause sticker shock

Published: Thursday, August 15, 2013 @ 11:59 AM
Updated: Thursday, August 15, 2013 @ 11:59 AM

Thinking about having a child in the near future? A new government study says that decision could cost you more than just hours of sleep and time changing diapers.

$241,080 to be exact. The U.S. Department of Agriculture says it has crunched the numbers and the cost of child rearing over an 18-year-period jumped about three percent from last year. (Via USA Today)

But what has researchers concerned is the decline in median annual household income across the country. That has dropped by more than $4,000 since 2000. (Via CBS)

So what exactly makes up that almost $250,000?

Housing, health care, and child care spending took up the largest chunks. Health care expenses cost an estimated $20,000, while a year of daycare could cost as much as $15,000 per year." (Via CNN)

Factor in food, transportation and clothing and you’ve got yourself a laundry list of expenses.

Geography also weighs significantly on the cost of raising a child. Families raising children in urban areas have to sacrifice a great deal more cash than those living in rural areas. (Via USDA)

The USDA has been calculating the cost of raising a child since 1960. Adjusted for inflation, the cost has skyrocketed by 23 percent over the past 5 decades. (Via ABC)

Even more concerning, the study doesn’t figure in college as a cost, and that can rack up anywhere from $17,000 a year to upwards of $35,000 per year.

The USDA offers a child cost calculator on its website, where visitors can add up what they can expect to pay as their child grows up. (Via USDA)

So if and when you decide to take that next big step, remember that little bundle of joy could wind up costing you a larger bundle of cash than you might expect.

WATCH: Alec Baldwin’s 3-year-old daughter nails dad’s Trump impression

Published: Tuesday, May 23, 2017 @ 11:33 AM

Alec Baldwin and daughter Carmen are pictured at the premiere of

Actor Alec Baldwin’s career has seen a huge boost since he began portraying President Donald J. Trump last year on “Saturday Night Live,” and it appears that “SNL” fans are not the only ones who are watching. 

Baldwin’s wife, Hilaria Baldwin, took to her Instagram page on Saturday, prior to “SNL’s” season finale, to post a short video of the couple’s 3-year-old daughter, Carmen, talking with her father about the upcoming show.

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“Carmen, what day does Daddy play Donald Trump?” Hilaria Baldwin asks from behind the camera. 

“Sa-doo-day,” Carmen responds. 

“Then we go like this with our hands,” Alec Baldwin says in his Trump voice, hands waving in front of him. “And we say, ‘Saturday. Saturday. Saturday. OK everybody, it’s Saturday.’”

Carmen, her eyes and face scrunched up to match Baldwin’s, watches her father’s face and, waving her own little hands, repeats each thing he says in a gravelly voice. She giggles in his arms at the end as Baldwin dissolves into laughter. 

It's Saturday! Season finale of @nbcsnl ...sound up 🙈

A post shared by Hilaria Thomas Baldwin (@hilariabaldwin) on

More than 220,000 people have viewed the video since it was posted Saturday. Most of those who commented on it were blown away by the cuteness. 

“Oh my Lord, I’m laughing out loud,” one viewer said. “It’s 12 am….woke my baby…lol.”

“This gave me life,” another said. 

Flea market bargain ring really the real thing: a $450,000 diamond treasure

Published: Monday, May 22, 2017 @ 2:58 PM

A flea market find in England 30 years ago has turned into the stuff dreams are made of.

A woman paid the equivalent of $15 for a piece of costume jewelry three decades ago, or so she thought, but she liked the ring and wore it all the time, The Associated Press reported.

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It turns out the gem was the real deal, a 26.27 carat white diamond, according to Sotheby’s.

The auction house is selling the ring next month as part of jewelry sale and expects the ring to sell for as much as $450,000. Not bad for a $15 investment.

The buyer apparently had no idea the ring was real because 19th century diamonds were cut very differently from today. The cut did not show off the stone’s clarity or brilliance.

The owners asked not to be identified. 


Manchester explosion: Here’s what we know about the victims

Published: Monday, May 22, 2017 @ 11:31 PM

Armed police stand guard at Manchester Arena after reports of an explosion at the venue during an Ariana Grande gig  in Manchester, England Monday, May 22, 2017. Police says there are

Authorities continue  to sort out what happened Monday night when a man who police believe was a suicide bomber detonated an explosive device outside an arena in Manchester, England.

The explosion happened moments after the conclusion of a concert by pop star Ariana Grande.

At least 22 have been confirmed dead and 59 injured as of 2:30 a.m. ET Tuesday.

Here's what we know now about some of the victims:

Obamas vacation in Italy; Michelle’s fashion draws praise

Published: Tuesday, May 23, 2017 @ 10:36 AM

US former President Barack Obama and his wife Michelle leave the Museum of Opera, one of the oldest private museums in Italy, during their visit to Siena, Tuscany region, Italy, Monday, May 22, 2017. The Obamas arrived in Tuscany last Friday for a six-day holiday. (Fabio Di Pietro/ANSA via AP)

Former president Barack Obama and former first lady Michelle Obama were spotted this week in Italy as the two continued their post-White House vacations. 

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The couple visited the Museum of Opera, one of the oldest private museums in Italy, during a visit to Siena on Monday. According to The Associated Press, the couple arrived in Tuscany on Friday and plans to stay for six days. 

Earlier this month, the two visited Milan, Italy, where Barack Obama discussed climate change and food security at a global sustainable food summit.

Photographers captured images of Michelle Obama in what some have called an “off-duty look.”

The former FLOTUS sported a pink and white one-shoulder shirt and white denim capris with white sandals during a day on the town. She also donned hoop earrings, bangles and a small, white cross-body purse.

Michelle Obama’s top, from Finnish desinger Teija, costs $397

Barack Obama was photographed over the weekend golfing at the exclusive Castiglion del Bosco course. According to the Daily Mail, membership to the Castiglion del Bosco Golf Club is by invitation only and it is the country’s only private golf club in a UNESCO World Heritage Site. 

>> Related: People love pictures of Barack Obama's backwards hat in the Virgin Islands

The Obamas were photographed earlier in February vacationing in the British Virgin Islands with British media mogul Richard Branson after the inauguration of Donald Trump. 

>> Related: Barack Obama spends post-presidency hitting the waves

The former first couple was also spotted dining with U2’s Bono at a New York City restaurant in March and was seen yachting in French Polynesia in the company of Tom Hanks and Oprah Winfrey in April. 

Barack Obama will join German Chancellor Angela Merkel Thursday in Berlin for an event promoting the Obama Foundation’s global effort to “inspire and support young people active in narrowing inequality, combating climate change, working on public health, empowering women and girls and boosting young entrepreneurs,” CNN reported.