About My Health Careers Internship MedBlogs Contact us
Medindia LOGIN REGISTER
Advertisement

Cost of Raising a Child is £800 Per Month

by Kathy Jones on July 13, 2010 at 9:20 PM
Font : A-A+

 Cost of Raising a Child is £800 Per Month

A parenting organization has revealed that raising a child in Britain costs around £800 per month as the cost of living continues to rise in the country.

According to Family and Parenting Institute (FPI), parents are spending an average of £200,000 on their children from their birth till they turn 21 years of age. The report adds that parents spend anywhere from £30 to £80 on nurseries whose fees have risen by 5.1 percent during the past year.

Advertisement

This has led to the parents leaving their children in the care of the grandparents even as both the parents struggle to hold on to their jobs in order to make their ends meet. The FPI also criticized the maternity and paternity pay in the country while the new government also faced some heat for withdrawing child trust funds, cutting child tax credits and freezing child benefits.

"The cost of raising a child has a lot to do with the cost of childcare. The amount of affordable childcare is still limited and as a result people have to significantly adjust their working patterns. So the cost in terms of lost earnings is even bigger, especially for women", the chief executive of the FPI, Dr Katherine Rake said.


Source: Medindia
Advertisement

Advertisement
News A-Z
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
News Category
What's New on Medindia
Ways to Manage Stress during COVID-19 Pandemic
Can Adjusting Fatty Acid Intake Improve Mood in Bipolar Disorder Patients?
Insulin Resistance Doubles the Risk of Major Depressive Disorder
View all

Medindia Newsletters Subscribe to our Free Newsletters!
Terms & Conditions and Privacy Policy.

More News on:
Laser Vision Correction Surgery Christianson Syndrome 

Recommended Reading
Pediatric Pyloric Stenosis
Pyloric stenosis in a child is narrowing of the pylorus due to which the milk cannot pass into the ....
Christianson Syndrome
Christianson syndrome is a condition that occurs due to mutations (abnormal changes) in the gene SLC...
Laser Vision Correction Surgery
Techniques using laser allow faster recovery rates when compared to the older modalities. LASIK is t...

Disclaimer - All information and content on this site are for information and educational purposes only. The information should not be used for either diagnosis or treatment or both for any health related problem or disease. Always seek the advice of a qualified physician for medical diagnosis and treatment. Full Disclaimer

© All Rights Reserved 1997 - 2021

This site uses cookies to deliver our services. By using our site, you acknowledge that you have read and understand our Cookie Policy, Privacy Policy, and our Terms of Use