High childcare costs are leaving parents who work full time at the national minimum wage thousands of pounds a year short of being able to afford what the public defines as a basic acceptable standard of living.
Well….yes. That’s an incentive to have a job that pays more before you start breeding. Isn’t it?
A two-child couple each working full time on the minimum wage of £7.20 an hour would fall £2,600 a year – or 12% – short of the minimum income standard after paying rent and childcare, the study finds. The shortfall is even more dramatic for a lone parent working full time at minimum wage, who after paying rent and childcare would be £2,860 a year or £55 a week short of what they require, a gap of 18%.
And that’s an incentive to wait until you are in a stable relationship before starting a family. Isn’t it?
The gap is particularly stark for households dependent on social security.
And that’s an incentive to pay for your own decisions, rather than expect everyone else to do so.