How much is your child costing you? Doc
4:00AM Sunday Aug 16, 2009
By Rachel Grunwell

Raising a child to the age of 18 will cost the average parents almost $250,000.

The calculation, included in a draft study for the Inland Revenue Department, covers only expenses. It doesn't count parents' loss of income or childcare costs.

The income lost by one parent staying at home during that period would be almost $165,000, based on the national average wage calculated by Statistics New Zealand - pushing the true total to almost a quarter of a million dollars.

The report, Costs of Raising Children, by Iris Claus, Geoff Leggett and Xin Wang, will be included in a Government review of the formula used to determine child-support payments.

More here.