August 30, 2022
Working families are only three weeks from breadline, claims report
The latest Deadline to Breadline report from Legal & General claims that the financial resilience of working families in the UK has shrunk by a fifth since 2020, down from from 24 days to 19 days. According to the report, people overestimate by nearly six weeks how long they could fund basic living costs such as housing costs, loans/ credit card repayments, utility bills and food if they lost their income. Households have average savings of £2,431 and debts of £610. Accounting for average daily expenses of £93, this would see the average household run out of money in less than three weeks if they were to lose their income. More →
August 30, 2022
Is the growing number of working mums a cause for celebration or concern?
by Hina Belitz • Comment, Wellbeing
Working mothers are a resilient group, accustomed to juggling work responsibilities and family time with aplomb. Such was the conclusion in a report from McKinsey last year. But the day-to-day challenges they face can severely test that resilience. The proportion of working mums in the UK has just matched the highest ever recorded figure. In the three months to June, 75 per cent of women with dependent children were in employment, according to the Office for National Statistics. By comparison, 93 per cent of fathers were in employment during the same period. More →