22% of parents could only last one week without pay

Research from MetLife UK

Cameron Roberts
clock • 1 min read

Research from provider, MetLife UK, has revealed that 22% of parents could only last one week without pay if their child fell ill or was injured.

The data also showed that the average amount of time working parents in the UK could last without pay was two months. However, this was undercut by 19% of those asked only being able to last two to three weeks and 9% not being able to take off any time at all. Further data from the provider also showed that 48% of parents said they do not have the savings in place to look after a sick child, should they need to take time off from work. On top of this lack of fall back savings, MetLife UK also revealed that 28% of those without savings showed that they do not have a support network fro...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Individual Protection

Consumer Duty remains the biggest opportunity to expand protection

Consumer Duty remains the biggest opportunity to expand protection

"It is very easy to get bogged down in the regulatory requirements"

Andrew Gething
clock 18 November 2024 • 4 min read
NHS waiting list records drop in September

NHS waiting list records drop in September

A&E under strain

Jaskeet Briah
clock 15 November 2024 • 2 min read
COVER Protection and Health Summit 2024: In pictures

COVER Protection and Health Summit 2024: In pictures

Event on 07 November

COVER
clock 13 November 2024 • 1 min read