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New estimates say that it costs almost $500,000 to raise a child from infancy in 2014 to the age of 18 in 2032. After that, it depends on the type of house a person wants, the type of job, etc. With food, rent, gas, and other things to pay each month it will probably cost more than $2 million or more from 18 to the age of 62. Another 20 plus years added to that could mean about $5 million or more from birth to death.

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