First time parents spending £425 million preparing for their new arrival

Research by Aviva has found that first-time parents in the UK spend over £425 million each year preparing for the arrival of their first baby.

That’s equivalent to £1,370 per family.

However, Aviva say that 60% of parents admitted that, in hindsight, they bought things that they either didn’t use or could have done without.

In addition, 27% of expectant or new parents said that they bought or changed their car with an average spend of £2,658, while 25% moved to a bigger house with an average spend of £20,813.

 

Source: Credit Action – April 2012 edition

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