Raising a child costs £260,000 for couples, £290,000 for a lone parent. The two-child limit leaves three-child, working families with huge income gaps. The PM’s milestones must bring concrete improvements for struggling families.
CPAG’s annual Cost of a Child report looks at how much it costs families to provide a minimum socially acceptable standard of living for their children. It is calculated using the Minimum Income Standard (MIS) research, carried out by the Centre for Research in Social Policy at Loughborough University for the Joseph Rowntree Foundation.
This briefing outlines the barriers parents who are preparing for work can experience when trying to access childcare in England, using evidence from CPAG’s project work.
Potential second earners in couple families, usually mothers, face high barriers to employment. Mothers typically face more barriers to work than fathers in couples, particularly because of issues relating to childcare and time spent out of the labour market due to caring responsibilities. To evaluate barriers to work faced by this group and identify solutions to these barriers, Child Poverty Action Group (CPAG) designed and delivered the Your Work Your Way project – an employment support scheme that worked with 70 potential second earners in couples.
It has long been the case that having a second earner can change the risk of a family being in poverty. But it is not easy to take on paid work, and families often face lots of barriers. What are these barriers? What effect do they have on parents’ ability to work? And what role has CPAG’s Your Work Your Way project, with its tailored support approach, had in supporting potential second earners into work?
The cost of child poverty extends beyond the physical and emotional hardship felt by children growing up in low-income families. In 2008, the total financial cost was estimated to be at least £25 billion a year. In 2023, it has risen to over £39 billion a year.
Families in 2022 are facing the greatest threat to their living standards in living memory. Much has been written about these pressures, but to put them into context, we need to understand what has been happening to children’s and families’ costs in recent years. The Cost of a Child reports have been produced annually for a decade, and this 2022 edition presents the latest evidence of what families need as a minimum, and how this compares to the actual incomes of low-income families.
Child Poverty Action Group’s annual cost of a child report looks at how much it costs families to provide a minimum socially acceptable standard of living for their children. Since 2012, this report series has systematically monitored the minimum cost of a child. This report updates those calculations for 2021 and outlines the factors affecting the latest figures. The total cost of raising a child to the age of 18 now stands at £160,692 for a couple and £193,801 for a lone parent.
The year 2020 has put unprecedented pressures on families bringing up children. Parents across the world have taken on new challenges due to the coronavirus pandemic in keeping their children healthy and safe as well as properly fed, educated and entertained at a time when they have been required to stay at home, and when many families’ livelihoods have been threatened. Our cost of a child report looks at what items families need to provide a minimum socially acceptable standard of living for their children in 2020.
