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Are boys or girls more expensive?

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Posted at 7:12 AM, Jun 17, 2014
and last updated 2014-06-17 16:06:37-04

SALT LAKE CITY — It’s no secret raising a child is challenging.

While it is very rewarding, it’s also very expensive; approximately $240,000.

That’s according to  the U.S. Department of Agriculture, cited by the Wall St. Cheat Sheet.

It reported  “a middle income family with a child born in 2012 will spend about $241,000 ($301,970 adjusted for projected inflation) on child-rearing expenses for the next 17 years.”

So who costs more to raise, boys or girls?

Turns out, there’s no clear answer because it depends on several factors.

Wall St. Cheat Sheet delved into the topic and found that girls spend more on vanity but boys often spend more on sports and food.

According to Money Magazine, raising a girl might be the better bargain in the long run.

The magazine reports that adult females are less likely to need financial help from their parents.

Click here to read more.