The cost of raising a child in Hong Kong soared to a staggering nearly $3,500 per month, topping costs in the United States and other advanced countries. A June survey conducted by Hang Seng Bank, after questioning 633 Hong Kong residents with liquid assets of HK$1 million ($130,000) or more, found that it costs an…
Raising a Child in Hong Kong: Staggering Cost Surpasses US, UK, Australia
Red-Hot Inflation Drives up Cost of Raising a Child by Over $1,500 per Year: Report
Soaring inflation has driven up the cost of raising a child from birth to 17 years old by around $1,530 per year to a total of over $300,000, according to a Brookings Institution estimate provided to The Wall Street Journal. The analysis shows that, when inflation was running at around the Fed’s 2 percent target,…
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