CHINA ONE OF THE MOST EXPENSIVE COUNTRIES TO RAISE CHILDREN
Image: Unsplash
China is among the most expensive places in the world to raise a child, a new study has said
Image: Unsplash
It has been released by the China-based YuWa Population Research Institute
Image: Unsplash
The study said that average cost of raising a child from birth to age 17 was about $74,800 (Rs 65 lakh)
Image: Unsplash
Factoring in the graduation part, the cost further rises to $94,500 (Rs 78.3 lakh), it further said
Image: Unsplash
The cost of raising a child to age 18 in China is 6.3 times higher than its per capita GDP
Image: Pexels
This is second only to South Korea, which has the world's lowest fertility rate
Image: Unsplash
In comparison, this cost is 2.08 times the GDP per capita in Australia, 2.24 times in France and 4.11 times in US
Image: Unsplash
China's population has been shrinking, and 2023 marked the lowest birth rate since its founding in 1949
Image: Unsplash
The demographic crisis threatens significant impact for the world's second-largest economy
Image: Unsplash
Check More Stories
Image: Unsplash
ndtv.com