Nursery World - Parents claim it doesn't make 'financial sense' to work due to childcare costs

Three-quarters of mothers who pay for childcare say that it does not make financial sense for them to work, reveals new research.

The survey revealed how some parents are having to reduce their working hours due to childcare costs or availability, PHOTO: Adobe Stock

According to a new report from campaign group Pregnant Then Screwed, one in four parents (26 per cent) who use formal childcare say that the cost is now more than 75 per cent of their take home pay.

Three in four mothers (76 per cent) who pay for childcare, say it no longer makes financial sense for them to work. More than half of parents who use formal or informal childcare say they have had to reduce the number of hours they work due to childcare cost or availability.

Based upon a survey of more than 24,000 parents, the report also reveals:

To highlight the findings, Pregnant Then Screwed has partnered with Saatchi and Saatchi to launch a new campaign, ‘A Cry For Help’, to demand an urgent clear investment plan the childcare sector.

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