How much does it cost to raise a child in the first year of life?

How much does it cost to raise a child in the first year of life?

In recent years, several studies have been conducted in our country on the costs of raising a child. Research that the Osservatorio Nazionale Federconsumatori (O.N.F.) has reworked, also integrating some studies from its own source.
What has emerged from this research is somewhat frightening. Raising a child, in fact, is an extremely demanding choice, not only from a human point of view, but also financially.
The costs we are talking about depend first and foremost on the type of income, but also and above all on the type of assets. The high unemployment rate also has a considerable impact on this choice, thus forcing couples to wait until their economic conditions are no longer stable and important.
The 2018 data tell us that spending in the first 3 years of a child's life ranges from 7,000 to 14,800 per year. These include necessary expenses, hygiene, health, clothing and nutrition.
So to better understand how much it costs to raise a child (from pregnancy) here are some costs in detail (Federconsumatori data 2018):

Pregnancy test (x3) = 38 euros
Beta HCG blood test = 25 euro
Ultrasound visits = 1,116 euro
Drugs and supplements = 153 euro
Maternity clothing = 755 euro

To these must be added the costs of the layette of the child, such as the stroller, high chair and so on. Let's see more specifically:

Stroller = from 169 to 469 euro
High chair car = 257 euro
Trio (stroller, pram and egg) from 399 to 752 euro
Baby carrier = from 55 to 109 euro
Cradle = from 207 to 478 euro
Cot = from 296 to 758 euro
High chair = from 149 to 250 euro
Baby bottles = from 39 to 59 euro
Bottle feeding = from 45 to 69 euro
Milk and baby food = from 1730 to 3.701 euro
Sterilizer = from 59 to 90 euro
Biscuits = from 208 to 249 euro
Changing table = from 84 to 415 euro
Nappies = from 729 to 1,101 euro
Bathroom = from 36 to 106 euro
Wipes = from 94 to 183 euro
Creams = from 51 to 135 euro
Dummy = from 34 to 50 euro
Medical examinations = from 800 to 1,800 euro
Drugs = from 438,50 to 862,25 euro
Clothes and underwear = from 1,060 to 2,899 euro
Public nursery school (from the 4th to the 12th month) = from 1,773 to 4,248 euro
Baby Sitter = depends on the hourly cost

Aid and support

Despite the numerous expenses that we have listed above, there are some forms of support to help families to meet the costs of maintaining a child. In 2019, in fact, several "save family" bonuses were provided for. First of all, there is the birth prize also known as "Bonus mother tomorrow" which is equivalent to 800.00 euros. We remind you that this bonus is for all mothers regardless of the IEEA and is paid after the 7th month of pregnancy. As for the kindergarten, there is the so-called "kindergarten". "Nest bonus" through which it is possible to recover up to 1,500 euro per year for the costs incurred for the nesting frequency. On the other hand, the "baby bunus" depends exclusively on the ISEE, i.e. the monthly cheque paid during the first 12 months of life of the small one, of variable amount: cheque of 80 euro per month (ISEE up to 25,000 euro) or of 160 euro (ISEE less than 7,000 euro). In addition, from this year there is a 20% surcharge for each child after the first one.
Let's not forget the "Dependent child bonus", which consists of a deduction of up to 1,420 euros (in a paycheck, a pension coupon or a tax return) and the Family allowance, an economic support for employees and pensioners of an amount that varies according to income.

Lucia Franco

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