China’s Surprising Child-Rearing Costs; Exceeds US and Japan

China's Surprising Child-Rearing Costs; Exceeds US and Japan

VoM News Desk | February 23, 2024 | 11:15 AM IST | China, World | Follow on Google News

China’s Surprising Child-Rearing Costs; Exceeds US and Japan /Reuters

China’s Surprising Child-Rearing Costs; Exceeds US and Japan

Contrary to its reputation for affordable products, China has emerged as one of the most expensive places for raising a child, surpassing costs in both the United States and Japan, according to a study by the YuWa Population Research Institute.

Raising a child in China averages $74,800 until age 17, rising to a staggering $94,500 for a full bachelor’s degree.

This financial burden, 6.3 times higher than China’s GDP per capita, raises concerns about its impact on fertility rates in a country already grappling with demographic decline and an aging population.

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China Faces Soaring Child-Rearing Costs: Outpaces US and Japan

Despite its reputation for affordability, China is emerging as one of the most expensive places for raising a child, surpassing costs in both the United States and Japan, according to a study by the YuWa Population Research Institute.

Raising a child in China costs an average of $74,800 until age 17, soaring to an astounding $94,500 for a full bachelor’s degree.

This financial burden, 6.3 times higher than China’s GDP per capita, raises concerns about its impact on fertility rates in a country already grappling with demographic decline and an aging population.

VoM News Desk

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