Thursday, 19 July 2007

Labor paints a brighter childcare picture, The Australian, 19 July, 2007.

Labor paints a brighter childcare picture: [1 All-round Country Edition]

Stapleton, JohnThe Australian [Canberra, A.C.T] 19 July 2007: 4.
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"Over the last year, 11 per cent less people are now engaged in household savings. In other words, people are having to dip into their savings or go into debt in order to make their ends meet."
He said not only were one in four families now experiencing mortgage stress, defined as spending more than a third of their income on housing, but this was being compounded by a 50 per cent increase in the price of petrol over the past five years. "That is driving many family budgets into a state of stress," he said.
"When you look at the number of working families now using childcare, because one parent or the other needs to join the other parent in the workplace in order to pay off the mortgage and meet all the other bills when it comes to the household, there is a real challenge."

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