A new report published today by Child Poverty Action Group, with co-funding from the Joseph Rowntree Foundation, has found that the minimum costs needed for a decent childhood have risen 4% in the last year.
This compares with rises of just 1.8% for the minimum wage, 1.5% for average earnings, 1% for tax credits and 0% for child benefit.
The research, carried out by the Centre for Research in Social Policy at Loughborough University, shows that families continue to face a squueze in living standards. Alison Garnham, Chief Executive of Child Poverty Action Group, said:
“This research paints a stark picture of families being squeezed by rising prices and stagnant wages, yet receiving ever-diminishing support from the government over the course of the last year.
“Every parent knows it’s getting harder to pay for the essentials their children need, and they don’t feel like politicians see them as a priority. Child benefit and child tax credit have been cut at the very time families need them most. Families are getting worse off and parents know it."
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