Opinion

Children feel the strain of the rising cost of living

It is deeply shocking that the UK’s children and young people are the unhappiest in Europe, as The Children Society’s recent Good Childhood Report 2023 revealed.
Mark Russell is chief executive of The Children’s Society
Mark Russell is chief executive of The Children’s Society

Rising food, housing and energy prices, combined with the long tail of Covid-19, are taking a toll on this generation.

The detailed findings in our latest report, Feeling the Strain, give a candid look into the ongoing challenges facing many children and young people during the cost-of-living crisis. Each figure represents a child, a parent or carer, a family trying to get through this financially fraught period.

Parents and carers told our annual household survey they face a financial precipice. A staggering 82 per cent said they feel concerned about the cost-of-living rises and the impact on their household over the next year. One in 10 said they “always” ran out of money before the end of the month, and 14 per cent reported they ran out “most” of the time. Nearly one in 10 told us they were in arrears or unable to pay for their electric, gas, and fuel bills. Over half of parents and carers in households in financial strain reported having low wellbeing.

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