In China the government has been trying to contain population growth for decades and certain parts of the population are only allowed to have 1 child. The government has become a lot more flexible in this regard, however, and many parents are allowed 2 children already.

Another country that is growing like crazy is India. The Indian economy has grown a lot in recent years and it is generally expected that this trend will continue. Nevertheless, the working population is growing faster than the economy and this creates an increasing amount of socio-economic disparity.

This Is How Much It Costs To Have Children

On the chart above you can see that it has become really expensive to raise kids. It is mostly interesting to take a look at the rise in ‘Median Income’, which indicates that most costs are rising a lot faster than income.

Recent research pointed out that it costs on average $245,000 to have and raise a child in America. With the rising costs in comparison to income, companies with products and services that focus on children will definitely profit from this trend.