Raising a child to 18 in the UK costs more than £200,000 – here's why

By Thilo R. Huning, Lecturer in the department for Economics and Related Studies, University of York
Isabelle Huning, PhD Candidate in the School for Business and Society, University of York

Before having our first baby last year, we wondered whether we had the money, time and necessary skills to raise a child. Perhaps you find yourself contemplating the same? Many people certainly have, as birth rates have been declining across the world for the past 200 years.

Research attributes this trend to the escalating demand for…

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