Thursday, 14 May 2015

Cost of raising children in Australia - $474,000 to $1.09 million

https://www.amp.com.au/wps/amp/au/FileProxy?vigurl=/vgn-ext-templating/fileMetadataInterface?ids=1c047918d9ece310VgnVCM1000004320220aRCRD

Modelling on the cost of raising kids in Australia, released last year by AMP and The University of Canberra, found the cost of raising two kids in Australia for a family on a middle income will set you back $812,000. For a higher income family, the cost rises to $1.09 million from the time the kids are born to when they leave home, while a lower income family can get away with spending $474,000.

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