Pricey parenting: Numbers show it can cost Canadians nearly half a million dollars to raise two children ...Middle East

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Raising kids can be pricey and a new report from Statistic Canada is shedding light on the exact cost of child rearing. According to the report, a lower-income household would need roughly $238,000 to raise a child from birth to age 17. That number jumps to $293,000 – a more than 20 per cent leap – for medium-income households. Higher-income households pay more than $403,000. “The cost to raise a child, or multiple children, has been increasing dramatically over the last couple of years,” said Len Shaw, a financial advisor in Sydney, N.S. Shaw also has nine-year-old daughter, Regan, so he knows firsthand about the rising costs. “The costs for food, clothing, education, ki

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Last updated : 06 October 2023 clock 07:48 PM

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Pricey parenting: Numbers show it can cost Canadians nearly half a million dollars to raise two children ...Middle East

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