Dear Mr Jones, Please find attached the executive summary from Gingerbread’s new report, Paying the Price: Single parents in the age of austerity, which has been published today. The report is the first from a three-year project tracking single parents’ experiences of living in the current difficult economic climate, and key findings include:
New analysis showing that single parent incomes dropped by six per cent between 2010/11 and 2011/12, falling even further behind those of couple families which have, on average, remained static
· Single parents have been hit hard by the rising costs of household essentials, which take up a third of their spending, compared with a quarter of couple families’ spending
· Over the next two years, single parent families are set to lose more of their net income than any other family type from spending cuts
· More than half (55 per cent) of the single parent families polled by Gingerbread reported running out of money before the end of almost every month
· Almost nine in ten (87 per cent) of those surveyed had borrowed money or sought emergency welfare support in the last year
· 62 per cent had borrowed money from friends and family, and 13 per cent had taken a loan from a payday or doorstep lender.
You can download the full report from our website, and you can read more about our findings in this article.
Please don’t hesitate to get in touch if you need any further information or would like to discuss the research in more detail.
Director of Policy, Advice and Communications
t: 020 7428 5414