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Understanding the financial needs of families with disabled children

Published: 
12 December 2011

69% of families with disabled children are worried about their financial situation and 61% struggle to pay their monthly bills. Nearly three quarters believe that the high costs of caring for a disabled child are the cause of their financial situation. 82% of families with disabled children currently have less than £1,000 in savings; more than half have no savings at all.

Financial difficulties exacerbate other social problems such as unemployment, social exclusion and long-term illness. Families with disabled children represent a group with specific financial needs that differ from those of the UK population as a whole and which mainstream services are not currently meeting. Addressing this gap requires positive action from both Government and financial services providers.

 

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