The eye-watering amount it costs to raise a child from birth to aged 18

Do you have nearly £200,000 to spare?

No? Neither do we, or most other people for that matter. But that is the kind of money you’ll need to raise one single child from birth to 18 years of age.

To be specific, it will cost the average family £190,124 to bring up one child until they are an adult.

This figure takes into account spending on necessities…