Raising two children in Australia costs at least $36,500 a year

Raising two children in Australia costs at least $36,500 a year

Raising two or more children in Australia costs at least $36,500 a year, research from The Parenthood says. Family running costs rose 134% over two decades, while household income grew 102%. Connell Griffin analysis found childcare accounts for 33% of child costs, up from 27% in 2003. The gap helps explain Canberra's debate over universal childcare.

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