Almost a third of new mothers go into debt because of maternity
leave, while one in 10 cut their time off work short to ease financial
pressures, according to a survey.
Some 28% of those surveyed had gone into the red due to their time
off work, accruing almost £2,500 in debts, while just a quarter felt
financially prepared for motherhood, according to research from
uSwitch.com.
Around 11% of mothers said they had been forced to reconsider plans not to return to work.
Mothers who took part in the survey said their net monthly household income had dropped from £2,866 on average to £1,654 typically while they had been on maternity leave.
One in 10 people said they had borrowed cash from relatives, while 14% had used credit cards, loans and overdrafts to help. More
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