RISING INFLATION TAKES A TOLL ON BRITISH FAMILY SIZE!!

Added: (Tue May 02 2006)

Pressbox (Press Release) - It simply cannot get smaller than this! If recent research reports brought out by Skipton Building Society are to believed, the British family has shrunk to an average of just 1.3 children per family, almost about a half of 2.4 reported for the year 2005.

London (seek.uk.com, April 28,20006): Thanks to the rocketing inflation rates, a whopping 89% of the respondents of the survey conducted by the Skipton Building Society admitted of being under enormous pressure to raise a family and hence preferring a smaller family. The overwhelming influence that the current cost of living is exercising over people’s personal decisions can be felt by the fact that as many as 20% of the respondents have planned not have any children at all, with more men (30%) than women (16%) falling in that bracket.

Further analysing the reasons for the people opting to remain childless, many respondents (37%), attribute the decision to the unavoidable compromises they may have to make with their lifestyles while 15% say they find the cost of raising a child, an expensive proposition. Their fears are actually confirmed by the experienced lot. As 21% of the people already having a kid say that their purses are strained and therefore, they would not have another child.

However, among the left community who find the desire to acquire parenthood too hard to resist, some 39% say they are delaying or postponing the act of becoming parents due to their financial situation.

Interestingly, people are also concerned with the parental responsibilities they would have to shoulder and the resulting consequences like fewer holidays, lesser money for contingencies or even work related problems.