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That 2012 Bundle Of Joy Will Cost You $241,080 To Raise

The United States Department of Agriculture has crunched the numbers and it concludes today that if you had a child in 2012, it'll cost you $241,080 to raise him or her for next 17 years.

If you adjust it for inflation, that number soars to $301,970.

This represents a 2.6 percent increase from 2011. The USDA reports:

"Expenses for child care, education, health care, and clothing saw the largest percentage increases related to child rearing from 2011. However, there were smaller increases in housing, food, transportation, and miscellaneous expenses during the same period. The 2.6 percent increase from 2011 to 2012 is also lower than the average annual increase of 4.4 percent since 1960."

CNN reports that despite that bit of good news, wages aren't keeping up with the increases.

"The country's median annual household income has fallen by more than $4,000 since 2000, after adjusting for inflation, and many of the jobs lost during the recent recession have been replaced with lower-wage positions," CNN reports.

We'll leave you with a cool graphic put together by the USDA:

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NPR

In 'Porcelain,' Moby Searches For Validation And Finds Unlikely Success

The electronic musician's new memoir traces his journey from Connecticut suburbs to New York City raves. It's a tale of dance clubs, DJs and Manhattan in the 1990s full of self-deprecating humor.
NPR

To Survive The Bust Cycle, Farmers Go Back To Business-School Basics

Farming is entering its third year on the bust side of the cycle. Major crop prices are low while expenses like seed, fertilizer and land remain high. That means getting creative to succeed.
WAMU 88.5

Power Plant Fight In Prince George's County

A predominantly African American community in rural Prince George's County recently filed a federal civil rights complaint in response to plans to build a third power plant in one town, and fifth in the region.

NPR

Reports Peg Tech Billionaire As Funder Of Hulk Hogan's Case Against Gawker

The New York Times says entrepreneur Peter Thiel confirms he has been bankrolling the ex-wrestler's lawsuit. Gawker is appealing a jury award to Hogan of $140 million over publication of a sex tape.

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