Read the Globe and Mail Article here.
Anything special needs related, especially the high cost of therapy hits home. Back when our oldest was 3 until the age of 5 1/2 he was in ABA or Applied Behavioural Analysis, one of the therapies mentioned in the Globe and Mail article. And yes, it did cost $5000 per month for only 4 1/2 days a week of therapy. In fact, the price has increased since then due to the minimum wage hike in Ontario forcing the per hour cost of junior therapists to go up to $15/hour. (If you were wondering if the therapy works. Yes, emphatically yes, the therapy did help our son tremendously as you can see here in this video).
In total, for 14 months of ABA therapy we dished out roughly $75,000 CAD. No small change when you are in your twenties and not established in a career. We stopped only because we ran out of money and decided to move so our son could attend a public school with ample support instead of spending more on private education. You gotta’ do what you gotta’ do.
However, I would say this experience is one of my huge motivators for saving. The possible future costs associated with our son’s condition are unknown but not unplanned for.
More reason for me to keep investing.