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24 September 2014
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Money Programme: Rising costs causing couples to delay starting families


A survey for BBC Two's The Money Programme suggests that nearly half of all people who plan to have children are delaying starting a family because of the expense.

 

The survey commissioned exclusively for The Money Programme: The Cost Of Kids - broadcast on Friday 2 March at 7pm - also found that more than a quarter of women polled say they returned to work before they were ready - with 80% saying the reason for this was financial.

 

The survey suggests that 43% of people who plan to have children are delaying starting a family until they have saved money.

 

When asked to identify a reason, or reasons, why they had not yet had children 20% cited wanting to have a bigger house first before starting a family, while 36% wanted a better job.

 

The cost of raising a child until the age of 21 is estimated to be £180,000* and this figure is rising.

 

The survey carried out for The Money Programme by YouGov found that just over a quarter (28%) of women polled said they returned to work before they were ready, and 80% of this group said the reason for going back early was financial.

 

Mary MacLeod, Chief Executive of the National Family and Parenting Institute, is worried that children are becoming a commodity and says if children did not cost so much people would have more.

 

She told the programme: "We are making it seem as if you have to be in this wonderful perfect position before you take on the responsibility of having children and I find that a great shame.

 

"I think it kind of buys into the sense that children are a becoming a commodity."

 

It is estimated that full-time childcare for a child aged two to five costs £13,969.

 

But the National Day Nurseries Association told the Money programme "quality doesn't come cheap and there is a cost towards that quality".

 

The survey also suggests that one in five parents (19%) buy products such as toys and gadgets for their children after pressure from them; a further 19% pay for such items on credit; and 32% of parents admit to paying for such products for their children by "going without" themselves.

 

Notes to Editors

 

Any use of the above should be credited to: The Money Programme: The Cost Of Kids, Friday 2 March 2007, 7pm, BBC Two.

 

All figures, unless otherwise stated, are from YouGov Plc. Total sample size was 2,253 adults. Fieldwork was undertaken between 8 and 10 January 2007. The survey was carried out online. The figures have been weighted and are representative of all GB adults (aged 18+). YouGov plc make every effort to provide representative information. All results are based on a sample and are therefore subject to statistical errors normally associated with sample-based information.

 

* Based on figures from Liverpool Victoria.

 

MB

 

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Category: News
Date: 02.03.2007
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