Sainsbury’s Finance have found that mums and dads provide £32 billion worth of free taxi services for their kids every year.
Their research found that each week, 9.3 million parents cover an average of 24.7 miles a week driving their children around, which is worth £46.17 at Hackney Carriage rates. They also spend an average of 1 hour 14 minutes sitting in their cars waiting for their children, worth a further £20.49 per week.
On a total basis, parents collectively clock up 230 million miles every week – equivalent to the distance between Earth and Mars. If charged at Hackney Carriage rates, this would cost in excess of £621 million.
Source: Credit Action – April 2012 edition