Finances for raising a child

Raising a child to age 25 can cost a middle-class family anywhere between ₹75 lakh and ₹2 crore, while an upper-middle-class family may spend between ₹2 crore and ₹4 crore. This significant expense is influenced by factors such as lifestyle and city of residence. The high cost of raising a child is a major concern for many families, particularly in urban areas where living expenses are higher.

Why it matters

Data and inflation models suggest a significant expense for middle-class households. The cost of raising a child is a substantial financial burden for families.

Market impact

Transmission channels

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MeridStreet does not reproduce source articles. The summary and analysis above are generated by MeridStreet from public headlines and its own market model; the original reporting belongs to The Hindu. For information only — not financial advice.