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Blog     12 Jul 2016

The Rising Cost of Having a Child

It's without a doubt that raising a child is a special experience, although parenting can feel hard especially when juggling a full-time job. Did you know that the cost of raising a child has continuously risen TWICE over the rate of inflation over the last 12 years?

In 2015 a study found that raising a child from birth to 21 years is around £229,251. The Majority of spend goes towards education and childcare. A breakdown below will help you digest how the figures add up.

Where you're raising a child plays a significant contribution as well. The cost of raising a child in Greater London costs +17% more than raising in the North East of England.

With the costs of raising a child doubling the rate of inflation in recent years, parents will face an ongoing struggle unless they find a way to boost their income levels.

Thousands of people are receiving support in earning an extra income using a simple method known as Matching.
Profit Squirrel is showing everyone how to make money online which is helps towards covering the cost of living quite considerably. Every member learns how to earn +£500 per month. That's £6,000 per person -tax-free. Some members are motivated to raise money for their children’s future and you can get involved too.

If you're wanting to earn a second income and save up for a brighter future or just live more comfortably from today - Join Profit Squirrel and earn £30 absolutely free.



Source: https://www.lv.com/life-cover/lv-love-life/cost-of-a-child

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Bobby Formella

Bobby Formella

Community support member

I dedicate my spare time to making Matches so I can spoil my 3 little angels. A teacher from Merseyside, love cooking and reading. Liverpool's #1 fan!

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Comments (1)

FunkySquirrel

FunkySquirrel

9 months ago

This is shocking! Can't cost this much surely!? Cut out the pocket money, holidays. Swap childcare with Grandma! Education seems to cost more every year , feel sorry for the next generation of students.

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