Friends, family members and neighbours are covering a £6.5 billion* childcare tab over the course of the summer holidays, according to findings from Asda’s latest Mumdex report.
The poll of almost 2,000 mums reveals that grandparents are picking up the bulk of the costs by providing an average of 24 hours of “free” childcare each week. School and community groups are providing an average of eight hours per week, other family members are providing six hours per week, childminders four hours per week, and neighbours and friends spare two hours of their time.
Although they make savvy savings on childcare, mums are spending these savings on other hefty outgoings. The Mumdex report reveals that mums expect to spend a total of £2,162 in an effort to keep their kids entertained during the break. On average, spending:
- £920 on eating out and treats
- £855 on days out and activities
- £387 on childcare, increasing to £657 for working mums
As these costs are revealed, mums are claiming that today, 3rd August – the 20th day of the school holidays – is the day they are most concerned about being able to afford the activities their child wants to do over the holiday.Read more.