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Bringing up a child now costs more than an average semi

  • Author:Ya
  • Source:China daily
  • Release on:2016-02-21

  It costs more to bring up a child than to buy the average semi-detached house, a report has found.

   Raising a child from birth to the age of 21 in Britain now costs £231,843 – considerably more than the £219,255 price tag of the average semi-detached home, as recorded by the Halifax house price index.

   Soaring childcare rates are behind the total cost increase of more than £2,500 in a year and £13,000 in five years, according to research published by insurer LV=.

   Nursery, nanny and babysitting fees, particularly in the preschool years, now account for nearly a third of the total expense of raising a child to adulthood.

   Childcare charges account for £70,466, according to this year's figures, up from £67,586 last year and £50,592 ten years ago.

   Education, which includes school uniform, trips, textbooks and university tuition fees, also makes up nearly a third of the total budget, costing £74,430 throughout the child's life.

  A private education at a day school would add £141,863 on average to the total, while boarding school would add £260,927, according to the research compiled by the Centre for Economics and Business Research (CEBR).

  The most expensive years were between the ages of one and four, when parents spend a total of £63,224 on average.

   These years also saw the biggest rise in cost year-on-year, with the total up 3.5 per cent on 2015 prices.
    Now each country more and more attention to children's education, so we must not only provide a good living environment, but also provide a good educational environment for children. Our children's educational products,reading pen ,storyteller toys, tablet PC is very consistent with the needs of children!