Think having a kid is ‘priceless’? Here’s what they really cost

Australia's fertility rate has fallen to a historic low of 1.48 children per woman, prompting concerns about long-term population sustainability. Couples can expect to spend approximately $13,000 annually for one child and $23,000 for a second, totaling $391,000 over 17 years. Declining birth rates reflect broader trends across Europe, Asia, and the Americas, affecting future quality.

Summary by OZbrief · SMH