The cost of everything is only going one way. https://www.playlikemum.com/ have done the sums for us and zeroing in on cars and transportation is a depressing read.
Price of a car
2011 average cost: £15,049.50
2017 average cost: £18,000.00
2021 average cost: £23,000.00
6-year change: 27.8%
10-year change: 52.8%
A car can be very handy for transporting your family around! In 2011, it cost £15,049.50 to buy a brand new Volkswagen Golf, which increased to £18,000.00 in 2017 and to £23,000.00 in 2021. In 6 years, the price increased dramatically by 27.8% and by 52.8% in 10 years.
On top of the motoring inflation, fuel prices are skyrocketing at the moment which compounds the price increase. The annual fuel cost for the Volkswagen Golf would be around £1,056 for an average of 10,000 miles. Uncertainty in global markets and a weakening exchange rate could lead to fresh rises in coming weeks.
If you don’t have a car, you can still rely on public transport, which also comes with a cost and has seen a 43.6% increase in over ten years. From £48.75 in 2011 to £70 in 2021 – that is, if you live outside London, of course! The fare rises for London public transport are expected to generate an additional £151m for TfL by the end of December 2022.
Raising a family has always been a fun yet daunting proposition, as raising a child takes a great deal of time, effort, and money. However, for many the reward of the joy of building a family, and helping ensure the continuation of the human race is well worth the cost. Unfortunately, the cost of raising a family (just like most things) has risen dramatically over recent years, so some people can no longer afford to adequately raise a family.
A number of factors, and how these differ from year to year, have been analysed to see how they have changed over recent years. Just on these few factors, people are paying an average of 37% more than ten years ago, and 21% more than four years ago.
To get the full stats go to https://www.playlikemum.com/family-inflation/