Having a family is generally expensive but the cost of rearing young children is particularly exorbitant globally. Some countries in Europe rank amongst the highest childcare costs worldwide.

The cost of childcare directly influences the family finances, and many families end up as single-income households so that one parent can take care of the children. This has long-term repercussions for the family income, the standard of living, amongst other factors.

The UK is one of the most expensive countries for childcare whilst the Nordic countries feature prominently as some of the best countries in Europe to raise a family.

Read our article: Childcare Costs: UK vs the rest of Europe

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