Low-income single parents face significant financial pressures. The introduction of Universal Credit, combined with low wage growth, and increasing cost of living are exacerbating an already difficult situation. An unexpected event like a funeral or broken down boiler can push people into financial crisis.
A tool to help single parents build financial resilience against unexpected financial shocks
Stats and Facts
- 22% of all families with children in the UK are single parent families
- 20% of single parents live in persistent poverty, compared with just 5% of couple parents