Cost to raise a child: $235,000 - CBS 5 - KPHO

Cost to raise a child: $235,000

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(CBS5) -

Better start saving if you are planning on having kids.

A new government report says for a child born now, it will cost an average of $235,000 to raise them until age 17, not including college. 

The annual cost of raising a child in a middle class family:$12,290 to $14,320, depending on the age of the child, according to the report.

The cost to raise a child jumped 3.5 percent from last year and is up 23 percent from 1960.

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