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Working mothers don't break even until May
Posted By -NO AUTHOR- On 01/01/2013 @ 9:08 pm In Front Page,Money | No Comments
(TELEGRAPH) — There are strong regional variations across Britain, with mothers in the South West having to work for almost 19 weeks a year before the cost of a childminder or a nursery is covered – compared with just over 15 weeks for mothers in the West Midlands, according to mutual Family Investments.
The findings are based on a mother having one young child and having no childcare help from relatives or government schemes to help working parents.
On average, the study found that a mother pays £7,127 a year to a childminder or nursery and would need to work for 17 weeks a year before she has broken even on these costs.
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