Study reveals how much it costs to support a child in Colombia

Having a child is a decision that can change a person’s life forever, since bringing a human being into the world requires a lot. time, patience and, obviously, money.

The famous saying thateach son comes with a loaf under his arm” may be losing some validity, because it has become more and more expensive to support a childdespite the fact that this factor depends on the purchasing power of the parents.

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This situation drew the attention of the ean universitywhich put numbers to the matter and carried out a study to establish How much does it cost to maintain a child in Colombia in 12 of the main cities of the country.

According to the information provided by Valora Analitik, the report concluded that the cost of having a child in the country depends on variables such as the socioeconomic status, family composition, income, biological sex of the child, city, and number of children.

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He director of master’s degrees at the Ean University, Omar Alonso Patiñowho was the leader of the study, pointed out that there are several books that a child demands: “In this study, different categories of spending have also been considered: food, education, hygiene and cleanliness, furniture, leisure and entertainment, health, technology and clothing.”.

This study was carried out in twelve Colombian cities with more than 500,000 inhabitants: Armenia, Barranquilla, Bogotá, Bucaramanga, Cali, Cartagena, Ibagué, Manizales, Medellín, Neiva, Pereira and Villavicencio.

By cities, the main findings of the study were that in Bogota child support can be worth up to 2,447 current legal minimum wages (smlv)in Manizalesthis factor can cost 1,262 smlvand in Neivauntil 1,209 smlv.

(‘Top’: the sectors with the most informal workers in the country).

This means that in the capital of the country it is time to have $2,838,520 to support a child. While in Manizales it is time to have $1,463,920.

However, Bogotá is not the city where having a child is more expensive, as cities like ibagué and Manizales exceed 1,100 smlv, while the capital of the country, as well as in Bucaramanga, Medellin and Pereiraon average, are between 1,000 and 1,100 smlv in the wealthiest socioeconomic strata.

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Support a child in a family made up of dad, son and one or more grandparents it is more expensive than maintaining it in a family made up of a woman head of the household and child or children. In the first case, this value can reach 788 smlv, while in the second it can cost 281 smlv.

According to the age range, the one that generates the greatest amount of expenses for the family is included between 11 and 18 years (415 smlv), followed by the range between 18 years and the financial independence of the child (392 smlv).

The lowest expense generated between the moment in which a couple decides to conceive a child up to 4 years of age, period of time in which there are expenses for 202 smlv.

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With information from EL TIEMPO – LATEST NEWS