New research shows that a family spends 229,25 pounds to raise a child to age of 21. It also indicates that Child care fees and Education spendings have increased 50% faster inflation over more than a decade. The basic cost of raising a child in the UK from birth to the age of 21 has increased to by 63 percent since 2003…

An average family in US spends about $245,340 for raising a child from birth to age of 18. Home, Food and Transportation are top three expense for raising a child while housing costs are large expenditure on a child, 30 percent of total cost in average. Proportion of Food and Transaportation are 16% and 14% respectively. This is not include the annual cost of collegue, which cost from $18k…