Advice and Tips

What is the cost of raising a child?

The ongoing economic crisis means tough times lie ahead for many families. New research from the UK’s largest friendly society, Liverpool Vicoria reveals that cost of raising a child from birth to age twenty-one has now reached more than £200,000.

Watch this video

Financial pressures on families have never been so great, as they face an environment of rising inflation and VAT, alongside public spending cuts and reforms to the state benefit system. 

To talk about these rising costs we will be joined by Liverpool Victoria head of protection Mark Jones and Nifa McLaughlin, editor to discuss how people can tackle the cost of raising a child.

The discussion will be of great interest to those thinking about having a child, as well as those already with young families. 

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