Parents Put Off Having More Children

The video discusses the financial challenges faced by families like Eleanor's in the UK, who wish to expand their family but are deterred by high costs. It highlights the significant expenses involved in raising a child, including childcare, education, and housing. The video also explores demographic trends showing an increase in single-child families due to economic pressures and later family planning. Despite efforts to reduce costs, such as moving to less expensive areas, many families still struggle to afford more children.

What is one of the main reasons Eleanor feels they cannot have a second child?

• Health issues preventing more children

• Desire to travel more

• Financial constraints despite a good income

• Lack of interest in having more children

Approximately how much does it cost to raise a child to 21 years in the UK?

• £100,000

• £150,000

• £227,000

• £300,000

What percentage of families had just one child in 2013?

• 42%

• 60%

• 47%

• 30%

What is one consequence of starting a family later in life?

• Having more children

• Increased financial stability

• Earlier retirement

• Fewer children

Which costs are mentioned as increasing pressure on larger families?

• Travel and leisure costs

• Transportation and fuel costs

• Childcare, healthcare, and housing costs

• Entertainment and dining costs