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How much does it costs to raise a child?

The cost of raising our children
The cost of raising our children

​New r​esearch shows parents are spending an average of £35,000 on their children by the time they get to five years old – and that’s not a small amount, by anyone’s calculations.

On average, that works out at around £6,990 a year or £586 a month.

This adds up to a total of more than £28 billion being spent on the nation’s four million under-fives each year.

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