Mary and John are planning on having a child. John's father says "You better start saving. It'll cost you over $150,000 to raise that child to the age of 18". John's father is wrong.

Question

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The cost of raising a child to the age of 18 in the United States is typically estimated to be over $200,000, accounting for inflation and various expenses such as housing, food, and education.

Mary and John Are Planning on Having a Child