Published: 22nd Mar 2021

Four million children live in a family which has lost income since the start of the pandemic, according to a new study. The study by the Standard Life Foundation found that more than a quarter (27%) of UK families are currently living on a reduced income as a direct result of a pandemic-related loss of earnings, compared with 17% of households without children. The analysis shows the drop in incomes is hitting families hard. According to the report, 3m children in the UK now live in a family that is struggling to buy food and other essentials. The research was conducted in January and analysed by the Personal Finance Research Centre (University of Bristol). It is the fourth in Standard Life Foundation’s coronavirus financial impact trackers series which has been tracking household finances since the start of the pandemic. As a result of the economic impact of the pandemic, families with … (To read the full article, subscribe below)