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The Guardian - UK
The Guardian - UK
Business
Tobi Thomas

Single-parent families ‘most exposed’ to cost of living crisis in Great Britain

Young boy resting on mother's shoulder
The financial burden caused by having a lack of savings disproportionately affects women. Photograph: Christopher Hopefitch/Getty Images

Single-parent households are among the most exposed to the cost of living crisis, with a savings pot 20 times smaller than the UK average, analysis shows.

The analysis by Labour, using Office for National Statistics figures depicting wealth in Great Britain, shows that single parents with dependent children had £400 in savings between April 2018 and March 2020, compared with all households, which had £8,000.

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