Money management app Plum are launching a campaign that calls on the Government to make childcare a priority 👏
It found a third of parents with children aged 0-4 found it so difficult to afford childcare that they’ve decided not to have another baby.
They’re demanding an increase in the amount of free and affordable childcare available to parents, and for the system to be reformed to make it easier to understand and use.Costs are set to increase further, with more than three quarters of parents seeing their childcare fees increase recently or expecting them to soon.research, a majority of parents with children aged under five use some form of paid childcare, with just under one in five spending between £800 and £1200 a month.
The research also revealed that nearly a third are cutting the cost of their grocery shop, and 13% have cut their use of utilities like heating and electricity to balance the books.to stash away money to meet future expenses, with its Easy Access Interest Pockets paying up to 2.70% AER*.Putting aside money is a vital way of building financial resilience, and lots of people use Plum to stash away money to meet future expenses, with its Easy Access Interest Pockets paying up to 2.70% AER*.
‘Juggling childcare expenses with other cost of living pressures leaves us having to make very difficult choices. ‘The Prime Minister’s recent decision to de-prioritise childcare reform will have a devastating impact on families and hamper the economic recovery.
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