Four in ten Londoners in families aren’t able to afford a minimum standard of living. For lone parent families, this rises to two thirds.
These were the findings of new research as part of the Minimum Income Standards (MIS) project from Loughborough University, funded by Trust for London. This work is based on a series of focus groups where members of the public reach a consensus on what is needed, not only to ensure survival, but “in order to have the opportunities and choices necessary to participate in society.”
New research has revealed that families on minimum wage are 18% short of the amount needed for a basic standard of living. Here, MN blogger Catherine Mann argues that parenting must not become the preserve of the rich.
Everyone knows that August is an expensive time to be a parent. Whether it's paying for a holiday away, funding all-day childcare while school is shut, or just buying a round of ice creams on a day out - the break from routine can't help but put additional pressure on the family budget. And that's before you start to restock the uniform drawers.