Nursery World - PM told to 'prioritise' childcare and deliver more support for early education

Nearly two out of three parents are reconsidering whether to have another child due to ‘spiralling’ childcare costs, finds new research.

Plum Money app have written a letter to the Prime Minister to ask for more support for early education, PHOTO: Adobe Stock

The poll of 1,000 parents with children up to the age of four, carried out by Research Without Border for money app Plum, reveals that more than a third (37 per cent) wouldn’t have another child after finding it difficult to meet childcare costs.

A further quarter (26 per cent) would wait longer until having another child due to the cost of childcare.

A third of parents said they are having to reduce how much they spend on essential items, such as groceries, to pay for childcare. A similar amount have cut down on savings and investments.

The research also shows the impact the cost of childcare is having on the workplace:

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