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$4 Million Dollars to raise a Child in HK?

  1. #1
    Editor is offline Administrator
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    $4 Million Dollars to raise a Child in HK?

    Taken from today's SCMP.

    Lee Lai-shan, HK's Olympic windsurfer champion in 2006 claimed it costs $4M to raise a child in HK. The SCMP investigated this statmenent and discovered a middle class family does spend anywhere from $3-4Mill.

    Formula - $250 - $350 every 2 weeks = $8000/yr
    Diapers $200-$300/pack for 2-3 weeks = $6000/yr
    Dr/ Toys are all $$$

    Education - $1500/$4000/mth Local Kindy with elite Kindys at $10,000/mth
    Local Primary schools are free but DSS and International schools charge $50,000 - $170,000/yr
    Secondary Schools range from $100,000 to the most expensive at $202,000/yr

  2. #2
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    for us, so far:

    (1) formula: child # 1 = breastfed 50-50 for the first year, so $4000+ 8000= 12000
    child # 2= breastfed exclusively for 6 months, then formula, so $4000+8000=12000
    (2) diapers for child #1- 2years so, $12000
    child #2-3 years so, $18000
    (3) kindergarten, child # 1--$600/month k1, $999/month k2, free for 6 months, then $700/month for 4 months=$18800
    child # 2--free for 6 months, then $700/month for 4 months k1, $700/month for k2= $9800 (so far)
    (4) primary school Child #1--FREE
    (5) doctor visits, say, 1 visit every 2 months (at the most!) @ $220/visit X 2 kids= $15840 so far (no way did we come anywhere near that!)
    (6) food: two kids, say $3000/month=$43200
    (7) clothing=$4000


    so far we have spent roughly: $129,800 for TWO kids!

  3. #3
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    but i CAN see how if you send your kids to the expensive schools, it would add up very quickly.

    i guess it all comes down to choices, of which, in hk there are usually many.

    you COULD buy all of you kids' clothes at burberry or armani for kids... or you could buy your kids' clothes in the street markets/bossini/giordano/uniqlo etc

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    charade is offline Registered User
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    And Lee Lai Shan being I presume a Cantonese speaker has so many more choices of schools that families that speak only English or languages other than Canto don't. (Not to say that one can't send one's kid to a Cantonese anyway, but it's a little more complicated than if the parents spoke the language). I do think education in English is a big expense in HK though. I'm trying to find the cheapest English school for my son and those obviously get very competitive.

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    carang's Avatar
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    there's no reason why one MUST choose an english kindergarten. it is a choice. every choice has a consequence. for us, the consequence of having bilingual children was better than being out $10000/month for kindergarten (2 kids).

    however, once the kids are in primary school, it would be much more difficult for english-only speaking kids to attend a local chinese-medium school.

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    carey is offline Registered User
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    How about the cost of hiring helpers and the lose of income from mums not being able to work. Then there is family outings and vacations.

    It's of course down to making choices. Although we don't try to keep up with Jones, but it's getting really expensive to have kids.

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    Newbie_hk is offline Registered User
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    Throw in a few thousands for extra curricular activities like swimming, soccer, ballet, violin/piano & the like.

    I've found that English speaking instructors for these lessons can be slightly more expensive (not all though) especially if they are targeted specifically at expats

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    howardcoombs is offline Registered User
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    Quote Originally Posted by Newbie_hk View Post
    I've found that English speaking instructors for these lessons can be slightly more expensive (not all though) especially if they are targeted specifically at expats
    Slightly? I think you havent searched enough.

    An easy comparison to make is the LCSD website where you will find hundreds of activities at nominal prices which are practically only available for Cantonese speakers. I'd urge you to look up the price of some sailing courses there and you'll find that they are all under $100. I then would challenge anyone to find an English speaking course for anywhere close to that price (hint : you wont)...

    This is one side benefit of raising kids that can speak Cantonese in Hong Kong.

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