EXPENSIVE CHILDREN
New research suggests that the cost of raising a child has now risen above the $1 million mark. The claims have been made by social researcher Mark McCrindle, whose figures seem to make a mockery of the Federal Government’s estimate of $384,543 to raise a child to 18. He estimates that the real cost to raise a child totals $1,028,093.
McCrindle claims his research was carried out on 4,500 Australians, with different calculation methods to the Federal Government’s research. He has used a longer calculation period since he claims that the average child now stays at home until 24 years of age, and added in further allowances for expensive toys, high priced electronics, sports and dance lessons, and private tutoring.
Combining the cost of raising a child with McCrindle’s figure of the average family consisting of 2.7 children, this equates to the total average cost for each family to raise children being $2,775,581. With most people struggling to earn this amount in their lifetimes, it raises questions as to how McCrindle came up with his figures.
CURRENT STATE OF SOCIETY
Regardless of whether McCrindle’s figures are correct or not, his observations on the tremendous amounts of money being spent on children are spot on. He has mentioned that parents are now spending more money per child than ever before, including moving away from sharing items and making sure that their children had their own set of everything.
There has also been a shift of consciousness towards parents wanting the best of everything for their children, such as the example of spending on private education which could otherwise be obtained free from the government. The spending on birthday presents and Christmas gifts has reached astronomical proportions, with parent no longer giving a small $10 or $20 gift, and instead forking out large sums of money for expensive Playstations, iPods and Laptops.
Much of the lavish spending can be attributed to parents trying to keep their children entertained. Children used to play in parks or vacant land, but this is now hard to find or too dangerous to send them to. Parents are also spending far less time with their children, with a shift towards both parents working and jobs requiring later work hours. Many parents also need to satisfy their own needs, so the neglected children are dumped with electronic fun.
FAT KIDS & PARENTAL WARS
In addition to the reduction in family bonds, the electronic era and subsequent changes in society are leading to a number of other problems. Parents suffering from a lack of time not only replace their parenting with electronic toys, but also replace home-made cooking with processed foods and take-away meals.
Fruit snacks have been replaced with expensive sugar treats, walking or riding a bike to school is now done by car or bus, playing with friends has now become watching TV, movies, and playing videos games. OECD Health Data ranks Australian as the sixth fattest nation in the world, which should come as no surprise considering our changing lifestyle habits. The changes in lifestyle habits are also a contributing factor behind the increased cost of raising children.
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