The poll of 1,000 parents with children up to the age of four, carried out by Research Without Border for money app Plum, reveals that more than a third (37 per cent) wouldn’t have another child after finding it difficult to meet childcare costs.
A further quarter (26 per cent) would wait longer until having another child due to the cost of childcare.
A third of parents said they are having to reduce how much they spend on essential items, such as groceries, to pay for childcare. A similar amount have cut down on savings and investments.
The research also shows the impact the cost of childcare is having on the workplace:
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