RSS FeedMany years ago it was common for one parent, usually the mother, to stay at home and take care of the children while the other parent went out to work.
As time went on, more and more parents returned to work, putting their children into nursery as it became less practical financially for one to stay at home to bring up the children.
However the credit crunch, pay cuts and the rising cost of living has meant that, in some instances, both parents can no longer afford to work and pay for childcare. Prior to the budget of 2011 many families qualified for Child Tax Credits and Working Tax Credits with the element of help towards childcare fees. Post Budget 2011 the threshold changed and many families found themselves no longer qualifying for assistance.
This left many families struggling to make ends meet. Those that were already struggling found their finances stretched even further as they had to find extra funds to pay for childcare.
It was recently announced that the number of women out of work has risen with benefit cuts and the decrease in wages being blamed.
Now it seems that many women are once again staying at home with the children, as they can no longer afford to have both children and a career.
Filed Under debt advice | Trackback
Similar Posts:
- Women & Debt
- Tips on Preparing Your Budget for the Holidays
- When Women Become Bankruptcy Creditors
- The Aftermath Of Bankruptcy For Women: More Wrong Information Than Hairstyles
- Pay On Death Account Paid To Debtor Within Six Months Of Chapter 7 Filing
Tags: Parent