So anyone thinking of having a baby in UK, be warned that the cost of doing so has shot up in the last ten years. In 2003 it would have cost you a bargain £139,550 (219,578.89 USD) to feed, clothe and college the little darling for the first 21 years of its life. Now you can expect to pay a whopping great 218,000 quid (343,077.20 USD). So that little human you have in your house devouring your food and growing out of its clothes at the speed of light is now costing you almost thirty quid a day.
For any of you thinking about working for our decidedly ungenerous minimum wage, you will need to work more than four hours a day, every day, just to pay for little Oliver or Amelia.
And who do we blame for this giant leap in the cost of producing a little mini version of ourselves? The Chinese. Yes the trend for ‘tiger parenting’ whereby you spend out on extra maths lessons, piano classes, ballet classes and all these other things that your little protégé will need in order to compete with the Chinese is sending your child-rearing bill sky-high.
(OK I accept that maybe the increase in university tuition fees might play a part too).