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The Hidden Price of Parenthood in Greece

The Hidden Price of Parenthood in Greece

Hellenic Shipping News

Raising a child in Greece is among the most financially burdensome

Raising a child in Greece is among the most financially burdensome challenges for households, with the cost of the first child reaching 39% of an adult’s standard living expenses. Despite having a lower per capita income than several northern European countries, Greece ranks among the most expensive places in Europe to raise children—often surpassing countries with more robust welfare systems.

According to recent EU-SILC data, the financial cost of raising the first child in Greece compares closely with Spain (39%) and France (43%), but is significantly higher than in Sweden (33%). However, these differences are not solely attributed to the cost of living, but rather to the varying strength of welfare systems. In countries with well-developed social policies, many expenses are absorbed—fully or partially—by public provisions.

In addition to the statistical data, the study reflects how parents themselves perceive the economic burden. In Greece, the “perceived” pressure for the first child rises to 41%, even higher than the actual cost. This perception reveals the struggle many families face—particularly those for whom income is insufficient to cover essential needs.

Single-parent households feel this burden most acutely. In these families, perceived financial pressure surges to 64%, despite the estimated cost being

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Read Full article form Original Source OIKONOMIKOS TAXYDROMOS

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