By MSN Money staff
Every newborn child is a bundle of joy. But you'd better have a bundle of cash on hand if you want to raise one.
Typical families, those making from $56,670 to $98,120 a year, will spend a whopping $222,360 to raise a second child born in 2009 through age 17,estimates the Center for Nutrition Policy and Promotion (.pdf file), a division of the U.S. Department of Agriculture.
Higher-income families will spend even more. Those earning more than $98,120 will spend $369,360 overall in the U.S. to raise a second child; that figure rises to $411,210 in urban areas of the Northeast.
