Finance Expert Reveals Shocking Cost of Raising a Child in Indian Metro Cities
Finance Advisor Claims ‘You Need Rs 6.75 Crore To Raise A Child In India’; Viral Calculation Divides Internet
News 18
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Finance advisor Udayan Adhye claims that raising a child in a metro city in India could cost parents approximately ₹6.75 crore (roughly $810,000 USD). His viral video highlights the impact of rising education and lifestyle expenses, urging parents to reconsider traditional investment plans.
- 01Raising a child in Indian metro cities could cost ₹6.75 crore.
- 02Education expenses are increasing at 10-12% annually.
- 03College costs could rise from ₹20 lakh to nearly ₹1.6-2 crore by age 18.
- 04Overall parenting costs include education, healthcare, and lifestyle.
- 05Parents are encouraged to plan financially for the long-term.
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In a viral video, finance advisor Udayan Adhye claims that raising a child in a metro city in India could cost parents around ₹6.75 crore (approximately $810,000 USD). He attributes this staggering figure to rising inflation in education and lifestyle expenses. Adhye explains that many parents underestimate long-term costs by relying on traditional child investment plans that yield modest returns, while education-related expenses continue to escalate. He highlights that school fees are increasing at a rate of 10-12% annually, effectively doubling the costs every six years. For instance, a college degree that currently costs about ₹20 lakh could rise to nearly ₹1.6-2 crore by the time a child turns 18. Adhye emphasizes that the total cost of parenting extends beyond tuition fees, encompassing expenses like sports, music lessons, vacations, and healthcare. He notes that the estimate can vary based on individual lifestyle choices and educational aspirations. The video has sparked widespread discussion, with many viewers requesting the “child calculator” mentioned by Adhye to better understand the financial implications of raising a child.
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Parents in Indian metro cities may need to reassess their financial planning to accommodate the rising costs of raising children, which could significantly affect their savings and investment strategies.
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