The average cost of raising a child to age 20 in Japan depends on several factors, including family income, lifestyle choices, location, and educational preferences. It is important to note that cost estimates can vary widely from one source to another. However, here are some general costs:
According to a report published by the Policy Council of Japan, the average cost of childcare in Japan from birth to age 20 is estimated to range from about 15 to 20 million yen (approximately $136,000 to $182,000). This estimate includes educational expenses (including tuition, textbooks, and extracurricular activities), medical expenses, clothing, food, housing, transportation, and other miscellaneous expenses.
It is important to remember that these figures are approximations and may vary depending on individual circumstances. Education costs, for example, can vary widely depending on whether the child attends a public or private school and the family's preferences regarding tutoring and additional educational programs.
Planning and budgeting for the financial responsibilities of child-rearing are essential and should consider each family's situation and consult with a financial advisor or professional for a more accurate estimate based on specific circumstances.
Ryo
Personally, I have been sutdying about money and learning about how much money it takes to raise a child blows me a clue of how much money I have to earn to have a family. I feel like opportunities to learn about money in schools are necessary and it is not a direct solution to aging society and birth rates but I feel like this woud help people who are going to be parents and support the elder community iin the future.
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