'Families can't make ends meet' as cost of child rearing soars
19 August 2013 Last updated at 09:11 BST
New research suggests the cost of bringing up a child to the age of 18 has now reached an average of £148,000.
The charity behind this figure, the Child Poverty Action Group (CPAG), is warning that many families are now struggling to meet the expenses of parenthood, as the cost of living continues to rise whilst wages and benefits remain frozen.
The Chief Executive of CPAG, Alison Garnham, spoke with BBC Breakfast's Bill Turnbull about the research behind this figure.
She said "it's no surprise that we are hearing stories of families not being able to make ends meet".