Cost of raising two children in Australia has increased significantly, study finds
The Guardian · September 22, 2026Original source ↗
What happened
Research by advocacy group The Parenthood indicates that the annual cost of raising two children in Australia has risen to at least $36,500. The analysis shows that this cost has increased by 134% over the past two decades, while household income has only grown by 102%. Childcare costs now account for 33% of the total expenses, up from 27% in the past.
Why it matters
This story highlights the growing financial burden on families in Australia and the implications for parental support policies.
How this story affects people
How does this story affect you if you are a parent in Australia?
You are facing a substantial increase in the financial burden of raising children, with costs rising by 134% over the past two decades. This growing expense, particularly in childcare, could strain your household budget and influence your decisions about work and family planning.
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