Childcare costs are driving parents into debt and out of work

Are you thinking about leaving your job because the cost of childcare is making working not worthwhile? Do you feel stuck because you have to work, but don’t have much to show for it because childcare costs are eating away at your earnings?

20110907-090056.jpgIf so, you aren’t on your own. According to a new survey by Save the Children and the Daycare Trust families on low-incomes across the UK are having to turn down jobs or are considering leaving work because they can’t afford to pay for childcare?

According to the survey, 80% of these families feel that once they have paid for childcare, they are in no better situation than if they did not work at all because things are so tight financially. And a quarter of them say that childcare costs have driven them into debt.