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Rise in the cost of raising a child,

Children in Wales

Parents across the UK are paying nearly £5,000 more to raise a child than they were 12 months ago, a report has found.

The annual Cost of a Child Report, put together by the Centre of Economic and Business Research (CEBR), has found that raising a child is increasingly expensive and has risen a lot in the last year, bringing the total up to £227,266.

The increase is largely due to the cost of childcare, which have risen 4% in the last 12 months, with education and childcare being the major expenses for parents on their children.

71% of families involved in the study say that they have had to make cutbacks, as their finances come under increasing pressure.
http://www.cebr.com/reports/cost-of-raising-a-child-hits-227266-with-fam...

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