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The Cost of Raising Kids $241,080. According to the latest numbers from the U.S. Department of Agriculture, that’s how much it will cost you to raise a child born in 2012 for the next seventeen years. (I’m not great at math, but I’m pretty sure that’s less than you’d have to spend to secure a covered parking spot in San Francisco over the same time period.) The cost of raising a kid increases to over three hundred grand if you adjust for inflation, but parents can enjoy significant savings if they’re willing to cut back on a few miscellaneous items such as food, shelter, and transportation. Here’s the story and a chart that breaks down the cost of raising a child. + When it comes to demographics in the U.S., the big story isn’t these expensive kids, but rather the aging of the population. This excellent animation really tells the story of a dramatic shift. Egypt’s Military Crackdown The military crackdown in Egypt has left more than 500 people dead and thousands injured. President Obama said nothing of the foreign aid Egypt receives, but condemned the violence and canceled scheduled joint exercises with the Egyptian military (unfortunately, they seem to be getting plenty of practice on their own). + NPR’s Cairo bureau chief Leila Fadel sums up the mood: “It’s difficult to see a path out of this crisis, at least not without more people dying.” + Foreign Policy: Photos of the chaos in Cairo. How Craigslist Kills Newspapers A recent study found that Craigslist cost U.S. newspapers more than $5 billion in revenue over a seven year period. GigaOm’s Mathew Ingram rightly explains that there were a whole lot of other factors that played a role in the decline of newspapers (for example, a little thing we like to call the Internet). But it’s certainly worth noting the demise of the classifieds section. The best thing Jeff Bezos can do for The Washington Post is to figure out how to bring some version of the classifieds back. In the



via NewsFeed | TIME.com http://newsfeed.time.com/2013/08/15/how-much-it-costs-to-raise-kids-and-other-fascinating-news-on-the-web/