Raising kids has rising price tag, new figures show

Having children is expensive. Just how expensive? Think a $220,000 price tag, before college. New numbers are out that show how the cost of raising a child is getting higher every day.

Today on American Morning, John Roberts talks to Brett Graff, financial reporter at the Miami Herald, about how much it costs the average parent to raise a child.

For more, check out Graff's writing on The Home Economist at http://www.thehomeeconomist.com/