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LIFE IN SPAIN

How much does it cost to raise a child in Spain?

How big is the financial commitment parents have to make in Spain to pay for their offspring’s needs and expenses until they’re grown up and independent? 

How much does it cost to raise a child in Spain?
It's €90,000 more expensive to raise a child in Spain than it was 20 years ago.(Photo by CRISTINA QUICLER / AFP)

Anyone who’s familiar with how Spanish society works will know that in most cases families are close-knit and young Spaniards tend to leave the nest later than their European counterparts. 

So it’s no surprise that a study conducted by the German savings platform Raisin has revealed that raising a son or daughter in Spain until their emancipation costs an average €300,000 for parents.

That figure represents around €90,000 more than two decades ago.

It’s €8,000 more expensive for parents who have a son rather than a daughter, as women in Spain tend to become independent earlier (28.8 years old compared to 30.7 years for men).

What does the money get spent on? 

In the case of a male child, feeding him until emancipation amounts to €121,605 on average; education adds up to €38,316; clothing and footwear costs €32,729; celebrations such as baptisms, communions or birthdays amount to €27,815; health expenses come to €19,119; pocket money adds up to €12,480; hygiene expenses average €8,426, and €48,887 are splashed out on travel costs.

The money that goes towards covering a baby’s first year of life has increased from €7,254 in 2002 to €10,610 in 2022, which represents 38 percent of the salary of a father and 40 percent of the mother.

To support a child during the first year, Raisin’s study found that a man with an average net monthly salary of €2,315 would have to save 5 percent of his wages for seven years and eight months; and a woman with an average salary of €2,182 would need eight years and two months, six months more.

By the time their son or daughter has turned 24, the cost to parents is reduced by half to an average of €4,594 a year.

The report, titled ‘The cost of having a child in Spain’, found that having a baby continues to have a negative impact on a woman’s employment opportunities, even though this is improving gradually.

So how does the cost of raising a child in Spain compare to that in other European countries? 

It depends on the study, the help available to parents, the costs of living in each country, whether they’ve factored in rising inflation in 2022 and many other factors particular to each set of parents.

In the UK for example, different studies have found the cost of raising a child until the age of 18 was anywhere between £160,000 and £230,000. In France, it was around the €150,000 to €180,000 in 2020.

But in Spain, where around 65 percent of young people aged 25 to 29 live at home with mum and dad, in large part as a result of the poor wages/work opportunities available to them and higher living costs, it’s no surprise that parents continue to help their children financially until a later age.

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MONEY

How much can you save on public transport in Spain with the new state discount?

Spain's government recently confirmed it will slash the cost of public transport tickets to help people deal with rising inflation. Here's how much bus, train and metro tickets are likely to cost you in some of Spain's main cities from September 2022.

How much can you save on public transport in Spain with the new state discount?

Spain’s annual inflation rate reached 10.2 percent in June, the highest since April 1985, according to a statement released by the Spanish authorities on Wednesday. 

To help its citizens and residents save money and make ends meet at a time of rising inflation, the Spanish government recently announced a 50 percent discount on the cost of multi-journey tickets on RENFE services such as Cercanías, Media Distancia and Avant. 

A 30 percent discount will also be applied to the cost of passes and multi-trip tickets for regional and local transport services, including city metro, bus and tram systems, bought between September 1st and December 31st 2022.

So far it hasn’t been revealed exactly how the reduction will work and it is up to each region to decide on how they want to implement it.

For example, they could just reduce the cost of the tickets or ask people to apply for money back on the tickets they’ve bought over the four months.

Some cities and regional authorities have also said that they will reduce the cost of transport tickets further by applying an extra 20 percent discount on top of the central government’s 30 percent, taking it to 50 percent.

In order to finance the new measure, the government has confirmed that €221 million will be allocated to regional governments and transport authorities across the country. 

Here are the savings you’ll be able to make on transport tickets in Spain’s major cities:

Barcelona

The regional government of Catalonia has announced that it will aim to add further deductions by applying a total 50 percent discount for services run by the Autoritat del Transport Metropolità (ATM ), which includes Barcelona city and the metropolitan area.  

The mobility councillor for Barcelona City Council Laia Bonet said ATM is “aiming to guarantee a 50 percent reduction”. 

This means that if the 50 percent discount is applied, the T-Usual ticket, which allows you unlimited journeys over 30 days, will go from costing €40 to just €20 and the T-Casual ticket which gives you 10 journeys will go from €11.35 to €5.67.  

Madrid

Madrid has not yet confirmed if it will apply more than the 30 percent discount announced by Pedro Sánchez’s government, as public transport tickets there are already subsidised by 60 percent. Authorities in the capital have also said that they still don’t know how much of the €221 million they will receive.

If the national government’s 30 percent reduction is applied, the standard 30-day metro season ticket for zone A will be reduced from €54.60 to €38.22 and the regional pass all the way to Toledo will drop from €131.60 to €92.12.

Seville

Seville City Council also hasn’t yet decided if they will apply a 50 percent discount on transport passes to stick with the 30 percent. However, IU-Podemos has requested that they apply the 50 percent reduction. 

Currently, TUSSAM, the body responsible for urban transport in Seville, has set the price for a 30-day bus pass at €35.50.

With a 30 percent deduction, this will drop to €24.71 and with a 50 percent discount, the cost will go down to €17.65.

With regards to the Seville metro system, a 30-day Bono Plus 45 ticket which allows you to make 45 journeys of a similar type, costs between €30 and €50, depending on how many zones you jump through.

With the 30 percent reduction, a simple pass without jumping through zones will cost €21, while the one-jump pass will cost €29.40.

Valencia

As of yet, there is no concrete information on the reductions that will be applied to transport tickets in Valencia city, but based on the national government’s discount a 30-day SUMA ticket pass for the metro, bus and local train services for zones A and B will go from €35 down to €24.50.  

Málaga

Like Seville, no decision has been made yet in Malaga as to any further reductions other than the government’s 30 percent. Based on this, an unlimited monthly bus pass will be reduced from €39.95 to €27.96.

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