How much does an average Indian parent spend on their child?
Table of Contents
- 1 How much does an average Indian parent spend on their child?
- 2 How much does a middle class family spend on a child?
- 3 How much does an average Indian family spend on its children’s education?
- 4 How much do Indian parents spend on extracurricular activities?
- 5 How much do Indian parents spend on education?
- 6 Why don t parents want their children to participate in extra curricular activities?
How much does an average Indian parent spend on their child?
The average cost of a 10-day annual domestic family vacation is 45,000 per vacation per year x 5 years = 2,25,000….The Costs for a child during Middle School (8 – 13 Years)
| Particulars | Approx Amt (In Rs) |
|---|---|
| Laptop | 25,000 |
| Total | 12,11,025 |
How much does a middle class family spend on a child?
In its Expenditures on Children by Families report, the USDA puts the cost of raising a child from birth to age 18 at $233,610 for a middle-income family (married with two kids) — around $12,980 per year.
How much does a middle class child cost?
On average, middle-income parents will spend $284,570 by the time a child turns 18. The largest expense is housing, followed by food. The cost of childcare varies widely and depends on where you live. The good news is that each additional child costs less, thanks to economies of scale.
How much do parents spend on their child per year?
Parental spending in all 50 states (and Washington DC) ranked.
| State | Average Spend |
|---|---|
| Arizona | $11,518 |
| Vermont | $10,595 |
| Nebraska | $10,371 |
| California | $10,197 |
How much does an average Indian family spend on its children’s education?
Indian parents spend Rs 12.25 lakh on children’s education, Hong Kong leads with Rs 85.67 lakh – Hindustan Times.
How much do Indian parents spend on extracurricular activities?
Out of 2280 households surveyed, 63 per cent of parents have an average income of below 6 lakhs and believe Rs 850 per/month is the appropriate average amount to spend on online co/extra-curricular education per child.
How much money does it take to raise a child to 18?
Many new parents make the mistake of underestimating the expenses required to have a child and raise it to the age of 18 or when they go off to college. Having a baby is worth the cost for most, but the price tag of $233,610 or more to raise a child through their teen years can be jarring.
How much do parents spend on a child for Christmas?
According to a Retail Me Not survey from 2017, parents planned to spend an average of $330 for their children. A Gallup study from 2018 says American adults expected to pay about $885 on gifts last year — and generally, people end up spending more than they expected.
How much do Indian parents spend on education?
The data also shows that the overall cost incurred by parents for school education is about Rs 1.9 lakh crore, of which nearly half goes to school fees while a little over 20\% is spent on books.
Why don t parents want their children to participate in extra curricular activities?
Among parents of teenagers, 36\% say that their children had a part-time job during the 12 months leading up to the survey. Parents with higher income and education are more likely to report that their children participate in various extracurricular activities.