The Relationships Foundation argue that only when this cost is taken seriously will people recognise how important relationships are to general wellbeing and happiness. Family breakdown reduces health, wealth and wellbeing – the three things in which people are most interested. Reduced health, wealth and wellbeing all put pressure on relationships, thus reinforcing and perpetuating the vicious circle of breakdown. Economic cost must be viewed in the much broader personal and social context of those experiencing family failure, especially when there are children involved.
The 2016 update of the Relationships Foundation’s “Cost of Family Failure Index” shows that the cost of family breakdown to the taxpayer has increased again – to £48 billion, costing each taxpayer around £1,820 a year. While we are now beginning to see the impact of cuts in spending on the figures, taxpayers continue to shoulder a huge, and still growing, financial burden when families fail.
- Financial stresses
- Separated/ separating parents