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Chinese Families Spend Most on Kids' Education
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Chinese families spent most on children's education, housing and traveling in 2006, with over 30 percent of family incomes used for kids.

 

 

An undated photo shows students are taking a painting course in Hubei Province.

 

The figure was revealed in the report 2006 Chinese Women's Consumption Investigation released on January 25 by the Huakun Women Consumption Guidance Center and Huakun Women's Life Survey Center.

 

Among the families without kids, "housing purchase" ranks the top of their expenditures. Among the families with kids, nevertheless, "children's education" (24.1%) exceeds all categories to lead various spendings, followed by the other four, "housing purchase or mortgage payment"(21.3%), "traveling"(11.2%), "electric appliances"(9.3%), and "investment"(6.1%).

 

These families in the survey spent 63,414 yuan at one biggest stroke on average in 2006.

 

(Chinanews.cn January 29, 2007)

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