Monday, December 29, 2014

The Price of Children

One in 10 UK families see one earner's wages used solely to cover childcare and commuting costs, research has suggested. 43% of parents with children aged up to five said they used childcare to enable them to go back to work.

The Family and Childcare Trust has calculated that the cost of childcare in the UK was £11,700 for an average family with one child in full-time nursery and one child in an afterschool club. The Aviva survey of 2,000 parents with children aged up to five suggested the median average wage left by the lower earner's family was £243 a month. This was after the cost of childcare, commuting, work-wear and work-related equipment.

"Our findings paint a picture of a nation of parents struggling to keep their heads, and careers, above water in the face of rising childcare costs," said Louise Colley, protection director at Aviva.

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