cost per year to raise a child
How much does it cost to raise a child (on average)? There's plenty of data around on the cost of living generally, but not so much on the cost of specific things like raising a child. According to the latest figures(pdf) from Liverpool Victoria (LV=) it costs around Â£218,000 to raise a child in the UK. This equates to around Â£10,400 a year, Â£865 a month or Â£28.44 a day. But how does LV= get this total cost?