The financial and subjective impact of transitions into parenthood
The Child Poverty Action Group worked with Understanding Society to look at how financial security for different households changes as a result of parenthood.
The Child Poverty Action Group works on behalf of children in the UK who are growing up in poverty. The organisation develops and campaigns for policy solutions to end child poverty and provides information, training and advice to people working with families impacted by poverty.
Working with the Understanding Society Policy Unit, the Child Poverty Action Group investigated how financial security for households changes when families have children. The project looked at the impact of parenthood on income, managing bills, hours worked, childcare and subjective financial situation. The longitudinal data from Understanding Society was particularly well-suited to this project as it enable researchers to examine financial circumstances before and after having children.
The project findings were used in the Child Poverty Action Group's Secure Futures project.