According to LV, UK parents are set to spend a collective £8.6 billion over the summer holidays on childcare (£3.2 billion) and entertainment (£5.4 billion). Parents will spend an average of £110 per child per week. With the typical school summer holiday lasting 42 days, this means parents will be spending £660 per child over the course of the entire summer break. 38% of parents say the costs connected to school holidays are now becoming unaffordable.
Source: Credit Action – August 2011 edition