Survey: 200,000 yuan at least to raise a child until graduate from college

16:54, April 19, 2010      

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According to a recent survey, the cost of raising one child from birth to college graduation might be as high as 1 million yuan.

The survey distributes the costs a family would spend into six categories: study, living, transportation, medical care, pocket money and service charges.

The statistics show that a family would spend 200,000 yuan at minimum to raise a child until he or she graduates from university, and some will spend more than 1,160,000 yuan.

A parent whose son is in grade three of primary school told reporters that she had spent 194,000 yuan on her child by now, and the fees include 28,000 yuan on study, 20,000 yuan on transportation, 15,000 yuan on medical care, 18,000 yuan on pocket money and toys, more than 60,000 yuan on living and 30,000 yuan on clothes, traveling and service charges.

According to her, her child is going to cost her about 740,000 yuan for middle school, high school, university and other fees in the future, excluding expenses for selecting schools.

She also said the all 940,000 yuan she estimated could possibly be less than actual costs, and such a payment was just a moderate situation compared to families around her.

The survey also sets up a question on how much money the children would pay back to their parents after they found jobs. Most of kids believe they could earn salaries between 4,000 and 10,000 yuan, and they would love to give 2,000 to 8,000 yuan a month back to their parents. Such a kid would spend 10 to 40 years to repay their parents.

By People's Daily Online


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