The Changing Financial Circumstances of Households with Children

SUMMARY. The last fifteen yeas have seen rapid changes in the financial circumstances of households with children. They are increasingly found among those on the lowest incomes and are over-represented among households dependent on income support for their survival. At the same time, changes in the social security system have left claimant families with greater financial responsibility and reduced access to additional sources of financial support from the state. The article reviews these changes in the economic welfare of households with children, paying particular attention to the circumstances of low-income families. It looks in turn at trends in household income, at changes in the social security system and at the patterns of debt and unmet needs reported by parents caring for children on low incomes.