Recession takes its toll on parents

Almost half of the UK's parents (48 per cent) are experiencing physical signs of stress due to the recession, with two thirds (64 per cent) worrying about paying the weekly food bill, reveals new research from Post Office Insurance.

The recession has also taken its toll on the lifestyle of parents with half (48 per cent) of those stressed admitting to eating badly, a quarter (22 per cent) smoking more and a quarter (22 per cent) drinking more than six months ago.

Although the research questioned all parents on any changes to their stress levels as a result of their financial situation, mums in particular revealed a number of symptoms of stress, with 40 per cent experiencing sleep disturbance, 30 per cent suffering from increased headaches and over half (58 per cent) saying they have started to eat badly.

Given these symptoms it is unsurprising that over half (53 per cent) of parents have become more worried because of the recession. In addition to being concerned about paying for the weekly food bill, 64 per cent are worried about paying monthly bills such as the utilities, rent or mortgage repayments. When it comes to employment, it is the dads who worry the most with 48 per cent concerned about losing their job compared to 17 per cent of mums.

Duncan Caesar-Gordon, head of protection products at the Post Office, said: "Understandably, the recession has got everyone keeping an eye on their finances, but unfortunately the downturn has caused stress for millions. If people are worried about money they should speak to their bank or Citizens Advice Bureau and should try and avoid things that could be detrimental their health.

"One way of easing any financial worries is to ensure you and your family are protected financially. There are a number of protection products available to parents and families that can help achieve this, whether it's an income protection policy to cover monthly bills or life insurance to ensure your family is protected in the event your death."

Post Office Life Insurance is a simple, cost-effective way to pay off your mortgage or leave your family a cash sum when you die, with premiums starting from as little as £5 a month. Over 50s Life Cover, with premiums starting from as little as £7 a month, is an affordable way to provide your family with a cash sum when you die to help with funeral expenses or clear debts. Lifestyle Protection gives you peace of mind if you're unable to work due to redundancy, accident or sickness, with the added option of taking Life Cover too, and starts at just £2.50 per month.

To find out more about these products, visit postoffice.co.uk