THE cost of raising two children in Australia has reached more than half a million dollars.
A typical middle-income Australian family spends $537,000 raising two children from birth to the age of 21, with food, education and child care now the biggest costs.
The cost of educating children has soared by 60 per cent in the past seven years, almost 2 1/2 times faster than inflation, while food has risen by 33 per cent.
Report co-author Ann Harding said although the real cost of raising kids had increased by almost $90,000 since 2002, family incomes had also risen sharply, meaning raising a family was no more expensive than it was five years ago.
I have to say, the tone of articles such as these really get up my nose! I am quite happy to accept the figures as presented, but when language is used to create provocation, that’s when it really irks me (for example, the use of the word “soared”). As any entrepreneurial mother knows, flashing around numbers like this is pretty much irrelevant, interesting but so what? You want your children so you do what you do to make it work, end of story.
What articles like this can do though is to potentially frighten off would be mothers/parents, which is not fair. Yes I do understand that they have a right to know what they’re getting themselves into. But that reflects a particular situation as at today, what about what will happen tomorrow? What it doesn’t mention is that obviously this is not money that needs to be found NOW, or any time really soon either.
Feel the fear and have your children anyway!
You may regret it if you don’t.
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