Two parent family

Spending

A lot of families had to reduce their spending. Understanding Society shows that:

73% of two parent families reduced their spending

Whereas only 50% of single adults reduced theirs

21% of two parent families lost 20% or more of their income

A combined salary of £50,000

- 20%

= £10,000 lost

8.8% of two parent families had to borrow money

73.2% of two parent families had to reduce their spending

Parents working from home spent 2-3 hours less on housework than parents who continued to go to their workplace

Fathers on furlough spent 17 hours per week on childcare and homeschooling

Mothers who were not in paid work spent the most time on childcare and home schooling, with an average of 27 hours per week

At the end of June 2020, the outstanding amount on residential mortgages stood at £1.5 trillion, 3.2% higher than 2019*

Who took a mortgage holiday?

3.3% of single parents

5.4% of multiple adults

16.2% of two parent families

73% of two parent families reduced their overall spending

16.2% of two parent families took a mortgage holiday

Parents did less housework when they were working from home

Data gathered by Understanding Society
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