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You are here: Home / Families and Households / Demography / The Cost of Bringing Up Children

The Cost of Bringing Up Children

March 17, 2014 by John Amy

Read the section in the book on pages 47 to 49 about the effects of the decline in fertility, especially regarding the growth of child-centredness. Now study the extract below and complete the task that follows:

In November 2006, the Liverpool Victoria Building Society estimated that the cost of raising a child from birth to the age of 21 now stands at £180000, and this cost has risen at a faster rate than property prices.

They estimate that the first year of their child’s life will set parents back nearly £8000, but the teenage years work out the cheapest, with those aged 12-18 costing their parents less than £7000. The most expensive, however, are University years, costing almost double this figure, following the introduction of tuition fees.

The average UK household will pay £16000 on their child’s food, £12000 on clothing, £11000 on holidays, £9000 on hobbies and toys and £5000 on pocket money.

Explain what implications these facts might have for:

a) family relationships

b) patterns of childbirth

c) the dependency ratio

Sociology: Demography Book Reference: AS Level, Page 54

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