Women’s average monthly earnings fall by 42% compared with one year before birth, ONS study finds

Mothers lose an average of £65,618 in pay by the time their first child turns five, as the “motherhood penalty” risks their financial security, official figures show.

Mums in England are hit by a “substantial and long-lasting reduction” in their pay after they have children, as they become less likely to stay in paid employment, the Office for National Statistics have said.

Continue reading…Maternity & paternity rights, Work & careers, Employee benefits, Money, Gender pay gap, Gender, Pay, UK news, Parents and parenting, Equal pay, Family finances, Life and style, Tax and spending, Childcare, Office for National StatisticsRead More

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