New findings released today by financial wellbeing organisation Money Wellness reveal the challenges faced by families across the UK in affording out-of-school sports activities for their children. With Euros 2024 underway and Wimbledon and the Olympics just weeks away, the role of sport in our lives is making headlines. However, many kids find their dreams and well-being stifled by rising living costs and fees associated with playing sports.
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A survey of parents with a total household income of less than £35,000 per year, whose children participate in extracurricular sports, highlights the struggle to cover costs. Over half (56%) of parents reported financial difficulties, while a third had to make cutbacks in other areas of their lives to ensure their kids could participate. One in five parents resorted to working overtime to pay for lessons, and one in ten had to limit their children’s attendance at classes or training.
