Cost of raising a child from 'cradle to college' has grown 60% in 10 years, study says

A decade ago, parents were spending €3,197 on average on food for their children each year. This has increased 61% to €5,148, according to the survey. File picture

The cost of raising a child from “cradle to college” has risen a staggering 60% in the last decade to just under €170,000, a new survey has found.

Furthermore, almost three in four parents (73%) say they put too much pressure on themselves to give their children everything as household budgets continue to be squeezed.