Property News · July 9, 2016

Summertime, and the livin’ isn’t easy as parents struggle with childcare


The cost of covering the six-week holiday means an increasing number of families won’t spend any time together, instead splitting their days off to make ends meet. We ask how they’ll manageThe cost of childcare in the summer holidays is now so high that some parents will have trouble paying their household bills over the coming months and will have to rely on overdrafts and credit cards to survive the six-week break.Exclusive research for Guardian Money conducted by the financial hardship charity Turn2us shows that more than a third (36%) of parents are worried about the impact of the summer holidays on their ability to pay bills and expenses. Around 15% say they are likely to have to rely on overdrafts, loans and credit cards to get them through. Meanwhile, a separate survey of working parents carried out by Nationwide suggests that almost three-quarters of couples will have to split their leave in order to look after their children. Three in 10 have had to go away on holiday minus their partner, with around one in 10 regularly doing so due to work. Continue reading…

Source : theguardian.com
Read more…Summertime, and the livin’ isn’t easy as parents struggle with childcare

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