Maternity Leave Puts Mothers into Debt

The video discusses the financial challenges faced by new mothers during maternity leave. Fiona Chan, a former sales manager, shares her experience of unexpected debt due to childcare costs. Many mothers face similar issues, with expenses on essentials like nappies and formula adding up. The video highlights the use of credit cards and loans to manage these costs. It also addresses the significant income drop during maternity leave, forcing some mothers to return to work earlier than planned due to high living costs and inflation, resulting in lost time with their children.

What percentage of new mothers end up in debt, and what is the average amount of debt they accrue?

Evaluate responses using AI:

OFF

In what ways do rising costs of living affect mothers' decisions about returning to work?

Evaluate responses using AI:

OFF