Stephanie Pow: The real cost of parental leave
About this episode
Stephanie Pow discusses the financial implications of parental leave and the costs associated with raising a child.
The cost of having or raising a child is often the most considered issue among couples planning to start or grow their family. It's not just the shopping trips for prams and cots and nappies - it's the income loss over the months of parental leave and the endless sick days once daycare starts up. Plunket estimates a medium-budget cost for raising a child for the first year comes to just under $16,000. That works out to a whole lot of sacrifice. LISTEN ABOVE See omnystudio.com/listener for privacy information.
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