Survey: Monthly Child-Rearing Expenses Hit Record ¥41,320; Fear that Rising Prices Could Negatively Impact Education

The monthly cost necessary to raise a child hit a record ¥41,320 on average this year, up ¥1,187 from the previous year, Meiji Yasuda Life Insurance Co. announced in its survey on Thursday. About 60% of the respondents feared that rising prices could have a negative impact on education.