A growing number of new mothers in the UK are finding themselves with little choice but to take on debt to finance themselves in the months after giving birth. The pain is being felt by new mums in various ways as they get to grips with parenthood and there are many thousands of women apparently putting off having their first child primarily because they feel themselves unable to cover the costs involved with doing so.
We all perhaps intuitively understand that becoming a mother can be a costly business but the extent of the financial strains that can be caused has been laid bare in recent days in a report on the subject from the price comparison service uSwitch.com. The headline finding was that the costs of going on maternity leave, coupled with the rising overall cost of living in the UK means that close to a third (29 percent) or new mothers are now being forced into debt.
The average amount of debt accrued under these circumstances was roughly £2,500 at the time of the poll and the money problems faced by new mums often spill out to effect t&...Read More