Researchers surveyed around 3,000 working parents with children aged four and under, and found that women were more likely than men to feel strained by the costs of having children, by 34 per cent to 22 per cent.
Mothers were also 1.5 times more likely to struggle to save for future expenses because they were spending more on looking after their children. The increasing costs of having children were affecting families’ decisions about the future, the report found, with 25 per cent of mothers with one child saying that they couldn’t afford to have more.
The Fawcett Society, a charity that campaigns for gender equality, said working mothers were also less likely to have flexible working requests approved compared with men. Some 43 per cent of working fathers said their bosses had approved such requests, compared with 39 per cent of mothers.
Researchers added that one in five working mothers – 19 per cent – had considered leaving their job because of the difficulty of balancing work and home life. One in 10 said they had quit over childcare struggles, rising to 13 per cent among single mothers who took part in the research.
Data from 2021 shows that the number of mothers who have dependent children and are in employment is at a record high of 76 per cent. However, women are still more likely to be out of work than men.
Among those in their thirties, one in 10 are not working, compared with just one in 100 men in the same age group.
According to the charity Coram, the average annual cost of a full-time nursery place for a child under two is now £14,836 – with costs rising 6 per cent in the past year. Availability of places has also fallen, and government figures from 2019-2022 show that there are now 9,800 fewer childcare workers in the UK.
The weekly average cost of an after-school club is £62.13, according to the National Childbirth Trust, and the weekly cost of a childminder is £71.06.
Jemima Olchawski, chief executive of the Fawcett Society, said the UK couldn’t afford to let “talent go to waste” and must be more accepting of flexible working practices.
She added: “For businesses who are struggling to retain talent and combat ongoing skills shortages, the opportunity to develop promising careers that should never have stalled in the first place is an obvious step towards solving these issues. This must change.”