From MadeForMums · · 50s
Baby costs hit £23k for UK parents
UK parents face £23,000 average cost of having a baby, mostly lost earnings.
In brief
UK parents face £23,000 average cost of having a baby, mostly lost earnings. UK parents lose £20,504 in earnings during statutory leave, making up 88% of baby cost. Originally reported by MadeForMums.
New research reveals
Having a baby costs £23,263.41 on average in the first year.
Mostly lost earnings
£20,504 comes from statutory leave earnings loss, not baby items.
Why it matters
88% of cost is lost income during parental leave, not nappies or prams.
Expert advice
Charlie Evans says parents should plan for income changes and unexpected costs.
“having a baby is a very exciting time for families, but it’s also natural for parents to think about how their finances might change”
Baby essentials cost
Nappies and food cost £1,107.96, nursery items add £1,651.45.
How to prepare
Plan budget, research costs, and save for unexpected expenses.
The short version
UK parents lose £20,504 in earnings during statutory leave, making up 88% of baby cost.
