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.
'Educational inequalities cannot be solved by the education system alone.’ The concluding words of the latest IFS Deaton Review report into inequalities in education came as absolutely no surprise to us here at CPAG, and no doubt to those working on the frontline within our education system either. Despite decades of initiatives, strategies and hard work being undertaken by schools, the disadvantage gap has been stubbornly persistent over the past 20 years. It’s yet more evidence that the work of our schools is being held back by the levels of poverty children are facing.
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.
The overall cost of a child over 18 years (including rent and childcare) is £150, 753 for a couple and £183,335 for a lone parent. But work doesn’t pay low-income families enough to meet a no-frills standard of living, new research from Child Poverty Action Group (CPAG) shows.