Parents return to work amid debt fears

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Parents return to work amid debt fears

Mon 18th Jan 2010

Many parents are returning to work earlier than they had intended to, amid worries about increasing levels of debt.

According to research by Scottish Widows, as many as four million parents are looking to go back to work to supplement the family income.

It is thought that 44 per cent of households now rely on more than one breadwinner in order to maintain a comfortable standard of living.

Furthermore, the study showed that 62 per cent of people were not making provisions to protect themselves should the worst happen to a parent.

Scottish Widows' protection director Clive Allison said: "Nearly half of families with dependent children now rely on two incomes to maintain a decent standard of living and as our stats show, this is not likely to ease off any time soon."

These findings are reinforced by the recent statistics published by the insurance firm, which revealed that 34 per cent of the people questioned felt they were not spending enough time with their children.

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