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

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Single-parent households have savings pot 20 times smaller than average figure, analysis shows

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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