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Cost of raising two children in Australia has risen 134% in two decades, study says

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Parenting advocate Georgie Dent says rising childcare cost has pushed the overall burden to $36,500 a year and calls for more paid parental leaveGet our breaking news email, free app or daily news podcastThe cost for Australian families of raising two or more children has risen to at least $36,500 a year, according to new research, with the money needed to run a family increasing by 134% in two decades. Data released by advocacy group The Parenthood on Wednesday shows household income has...

Parenting advocate Georgie Dent says rising childcare cost has pushed the overall burden to $36,500 a year and calls for more paid parental leave

The cost for Australian families of raising two or more children has risen to at least $36,500 a year, according to new research, with the money needed to run a family increasing by 134% in two decades.

Data released by advocacy group The Parenthood on Wednesday shows household income has only grown by 102% in the same period, with childcare costs making up 33% of the total cost of having children today. In 2003, the figure was 27%, according to the analysis by firm Connell Griffin.

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Australia (LOCATION) Georgie Dent (PERSON) Australian (ORG) Parenthood (ORG) Connell Griffin (PERSON)
Originally published by The Guardian World Read original →