Childcare costs can become a major factor in whether or not it is financially practical for a parent to return to work or not.
But now a new survey has found that many mums are finding it harder to return to work due to the expense of daycare.
Mums are struggling to go back to work because of childcare costs
According to the Understanding Society UK Household Longitudinal Study, 67% of women were in some form of employment before having a child.
However, in the three years after giving birth 55% were in employment with 28% of those working part-time.
Between 2010 and 2018, full-time childcare prices averaged around £255 – the median weekly earnings for full-time female employees is around £530.
Places with higher childcare prices were mainly located in the south of the country, especially around London. Whereas in the north of the country childcare costs are less, but the weekly wage is also less.
Sadly, it seems single mothers fare worse, as they were less likely to go back to work, data from the Understanding Society found.
In contrast, few dads were less likely to change employment or hours within three years of having a child, as more than 80% remained in full-time work.
Meanwhile, analysis by KPMG found that 125,000 of working mums across the income spectrum are WORSE off by working full time each week due to the cost of sending their children to childcare.
As much as 77 per cent of mums feel that the majority of their income is going towards childcare expenses. If you take the costs of commuting to work, then it’s not always worth it.
In fact, it’s almost like mothers are paying to go to work in some cases, or earning very little per hour!
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