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Australia’s ‘baby bust’: here’s how much it costs to raise a child

Australia’s ‘baby bust’: here’s how much it costs to raise a child 1024 681 Fox & Hare

With fertility rates falling in Australia, Glen chats to The New Daily about the costs of having a child.

Many believe that Australia is currently in the midst of a “baby bust”, with the spiraling cost of raising a child making it unlikely our fertility rates will boom anytime soon.

Even before the pandemic, our national fertility rate had dropped to the record low rate of 1.66 babies for every woman. Now, many experts believe that the added financial pressures of COVID-19 and a once-in-a-generation recession have made the costs of having a child even harder to stomach.

So, Glen sat down with the team from The New Daily to share his insights into one of the biggest concerns facing couples in 2021.

Glen reveals that many couples are concerned about the idea of having to rely on a single income while having a child, particularly at a time when job security is at an all-time low.

Read Glen’s full insights on The New Daily’s website.