A recently conducted survey has discovered that an unusually high number of parents around the UK are struggling to make ends meet.
According to a well-known financial comparison site, more than ¼ of British parents admit that they are no longer able to rely on the sole income of their partner to cover the monthly household expenses, and as such have become forced to find additional work rather than devoting their free time towards raising their children.
There are a number of factors which have been identified as contributors towards this changing trend, however, a rise in the cost of living as well as increased costs associated to general child care and maintenance appear to be at the butt of the problem.
In addition, it has also been found that a rising number of struggling families are turning to providers of personal loans when times become tough. Experts are concerned that this newfound dependence on credit to pay the monthly bills will create a vicious cycle, where Britain’s poorest families are plunged deeper into the realms of financial despair.
In related news, Chancellor Alistair Darling has announced that more than 2.7 billion pounds will soon be handed back to tax payers across the UK, as Labour attempts to make good the costly mistake of the 10p tax rate.
