Cost of raising child at least €120,000

IT costs at least €120,000 to bring up a child from birth to the age of 18. And that's just for the very basics.

The calculation was made by John Geraghty, CEO of LA Brokers, himself the father of two young children.

The estimated costing works out at 65% more than one he made in 1995 and does not include the cost of going to college.