What does it take to raise a kid in Taiwan?
Taiwan’s yes123 internet job search site published on April 2, 2018, its March 15-27, 2018 survey of 1,236 responses that included 692 married persons of whom 434 have children, and 544 singles of whom 23 have children.
The survey shows that of those regular white collar workers 20 years old and older, 63% of them do not have any children of their own. Among them, 52% have plans to have children, 48% do not have any plans to have children, 34.1% are single and do not have plans to have children, 13.9% are married but do not have plans to have children.
Of those who do have plans to have children, 70.3% want to have two kids, 19.6% want one child, 10.1% want three or more children.
The average of those who want to have children is 1.9.
Most of those surveyed believe family or household monthly income must be at least NT$102,210 to be able to raise one child, and 66.3% of them do not earn enough income to afford raising a children, 42.2% say they cannot afford to buy a home and thus cannot provide a home for their child, 28.9% say they have no time to take care of their child, 223.5% are not content with Taiwan’s education, 21.9% blame social chaos for not having children, 82% of working parents cannot handle both work and children, therefore 66.7% want to change jobs to have time to take care of their children.
The required NT$102,210 monthly income to raise a kid is 2.51 times the average regular monthly salary of NT$40,787. In the six metropolitan areas, the monthly income needed to raise one child is NT$108,435, and outside of the six metropolitan areas, the monthly income needed to raise one child is NT$86,971. The monthly income needed to raise one kid in the six metropolitan areas is 1.25 times of 125% of that needed outside of these six metropolitan areas.
It will take a savings of NT$5,800,000 in a child’s educational fund to raise a kid from birth to 20 years old. Living in one of the six major cities in Taiwan, that is, in the City of Taipei, the City of New Taipei, the City of Taoyuan, the City of Taichung, the City of Tainan, and the City of Kaohsiung, the required child education fund would be NT$6,400,000, and NT$4,340,000 elsewhere outside of these metropolitan areas. This means, to raise a kid, it would require 1.47 times or 147% that in non-metropolitan areas in Taiwan.