Are childcare costs *actually* affordable?
A September study from the charity showed that 31% of new parents said that the cost of childcare has stopped them from having any more children.Anya Meyerowitz
My husband and I had our first child late last summer, and we can't afford to put her in nursery; our local one costs £58 a day, or £1,100 a month. It doesn’t make sense for one of us to work and then direct all of our earnings to someone else taking care of her, so instead, we each work three days a week and look after her three days a week .
But those nursery fees are on the lower end of the spectrum, thanks in part to the fact that we live in the north. One friend who lives down south pays a day rate a few pence shy of £80. Bearing in mind that the National Minimum Wage doesn’t rise again until the end of April, and currently stands at £9.50 for those 23 and over, a parent on minimum wage at her nursery’s first 8 hours and 40 minutes at work that day are gone on childcare fees.
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