Dramatic rise in costs of a child

The cost of raising a child till age 21 is now estimated to be &153,600, and a household will likely...

The cost of raising a child till age 21 is now estimated to be &153,600, and a household will likely spend 12% of its average income on raising a child till that age. One of the most pressing burdens will be the cost of higher education. Average student debt today is &9,210, and by 2023 it should rise to &43,825. Debts will rise from 42% of a graduate's starting wages today to 83% in 2023. Parents need to start saving for their children, and they need to start sooner rather than later. Just making use of a child trust fund will not be enough, as this will not generate the sums needed for un...