The cost of raising a child under age 21 has increased by 58% since 2003, with the education and care of children is the biggest expense for parents. See how it compares by region and time

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The cost of raising a child to age 21 has risen to ? 222,458, with parents pay 58% more than a decade ago, according to a study published TODAY 'hui.

The annual "cost of children from cradle to college." Report insurer LV = has revealed that the average cost has increased by more than ? 4,000 last year

education costs and childcare are the most important. The cost of education, including uniforms, school clubs and college costs (private schools are not included) reached ? 72.832 - up 124% since 2003. The report notes that sending a child to a private school on average ? 106,428 added to a school for the children during the day or treating 195,745 pounds for a child in the school, with the overall cost of raising a child.

The cost of child care has also increased. In 2013, child care costs are set at ? 63,738, while ten years ago, was ? 39.613 - an increase of 61%

London and southeast are the most expensive cities to raise a family, according to the study. The average cost in the UK is ? 222,458, while in London amounted to ? 239,123 and ? 237,233 in the southeast. The South West experienced the largest increase -. The cost of raising a child in 2013 is 78% higher than ten years ago

will not be a surprise that the increase in tuition fees, years cost of raising a child, on average, between the ages of 18-21. Here are some other results:

• The amount of pocket money to children until they are 21 has increased by 28% during the last decade, from ? 3.386 in 2003 ? 4458 to Today

• rental costs and food recorded the highest increase since last year. Holiday now costs a total of ? 16,195 (4.3%) and food comes to ? 19.270 for 2013 (3.2%)

• Tuition fees, furniture and custody children have increased in the past decade according to a study

• On average, it costs more to educate a child in Northern Ireland than in England, Wales and Scotland • Years

expensive to raise a child, on average, between the ages of 18-21, it is followed by children one to five

Mark Jones, LV = head of protection estimates "if the costs associated with raising children continues to increase at the same pace, parents could face a bill of more than ? 350,000 in ten years. "

The survey also highlights the pressure felt by parents to provide their children with the latest technological gadgets. They found that almost a third (28%) of parents had bought his son an electronic device in the last 12 months, with average annual amount parents spend devices (such as laptops, iPads / tablets) for your child enters at 302 pounds.

The following table shows the distribution of the costs of raising a child in 2003, 2012 and 2013. There are also tables showing the average cost by region and age group. What can you do with this information?

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