Cost of raising children has risen 50% since 2007

The latest report from the National Centre for Social and Economic Modelling (NATSEM) shows raising two children for middle-income families now costs A$812,000.

The cost, the researchers say, comes down to personal choice at times, including factoring an assumption that parents paid for their children’s University fees in full.

Whilst low-income families pay less, this is aided by government benefits and family tax breaks.

Read more at University of Canberra