Understanding the Costs of Raising Children in an Ageing Society

June 5, 2025 - 00:28

As populations in OECD countries continue to age, driven by longer lifespans and decreasing fertility rates, the financial implications of raising children have become a pressing concern. The decline in fertility can be attributed to various factors, including changing family dynamics, evolving social norms, and the increasing expenses associated with child-rearing. However, accurately estimating these costs across different countries poses a significant challenge, primarily due to the lack of standardized methodologies.

Recent research aims to shed light on the financial impact of family structures on child-rearing costs in OECD European nations. Utilizing data from the European Household Budget Surveys and the EU Statistics on Income and Living Conditions, the study highlights the necessity for improved data collection on family dynamics, living arrangements, and financial transfers, particularly regarding non-resident children.

Such comprehensive data is crucial for understanding the financial pressures faced by families, especially single-parent households. Additionally, it provides insights into how rising living costs affect consumer behavior and fertility choices across various family types, ultimately contributing to a broader understanding of economic stability in an ageing society.