Cost of raising two children in Australia has risen 134% in two decades, study says
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 Get our breaking news email , free app or daily news podcast 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…
The cost of raising two or more children in Australia has surged by 134% over the past two decades, according to new research from advocacy group The Parenthood. The total annual burden for families has reached at least $36,500, with childcare costs accounting for 33% of this total. While household income has only grown by 102% over the same period, indicating a widening gap between rising expenses and income growth.
Parenting advocate Georgie Dent calls for more paid parental leave to alleviate the financial strain on families.
Brief written by urgent.news from The Guardian Australia's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
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