How Much Do Swedish Children Cost?

Swedish economists have calculated how much parents spend on their children from the moment they are born until the graduation exam (Swedish students graduate at 19). According to their calculations, average parents spend 100 thousand Euro per child. If there are two children in the family, then expenses fall a little bit and average to 90 thousand Euros ($144 thousand).

Food and clothing take up almost half of those expenses. Moreover, one-tenth of the overall sum is spent during the first six months of a child’s life. The economists also considered the partial loss of the mother’s income during her maternity leave. On average, 5 thousand Euros ($7 thousand) are spend on a child per year until teenagerhood, when expenses on food and clothes increase again.

Source of the image: flickr.com/photos/mugsy.