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Average childcare costs - Money Advice Service

Childcare is an essential part of daily life for single parents. Without the option of ‘shift parenting’, it provides a lifeline that makes work, study and dealing with emergencies possible. Yet around half of single parents surveyed have found it harder to pay for childcare in the past two years. Managing crunch points like up-front payments and holiday costs can mean cutting back in other areas like food spending, or even taking on new debt.Young children can’t be left alone when a parent goes to work. But too many working families can’t afford the high cost of child care. For a nation that values both families and hard work, making sure every family has access to quality, affordable child care when they need it seems like a no- brainer. However, low-income families on average spend approximately four times the share of their income on child care compared to higher-income families,