We very soon won’t be able to afford our life

[WhatsHoppening]

We have a high mortgage, high childcare costs which thankfully will reduce but still wraparound. With our mortgage term ending in December and the increase in gas and electric, food costs, petrol and the increase in mortgage when we remortgage on a higher rate we will not be able to afford to live. Our outgoings will outstrip our income. We are both professionals, I work part time (4 days) and there’s no hope of DC getting into after school club on my day off (and realistically after childcare I bring in less than £100 pcm per extra day worked after childcare). I feel sick. I keep getting told by my parents and grandparents we will get through it but how?! My grandparents were post war so it was hard but my gran could be a SAHM for 3 kids on a my grandads teacher salary. This is a pipe dream for us now and DH earns more than a NQ teacher. Just a rant- lots have it much worse. But I’m scared for the future.

It's probably quite hard for those in 30s

If you are mid 30s like me you probably graduated in the middle of 2008 crash or just after. So young adult life hasn't necessarily been easy financially.

In my group of friends I only have one friend that has been able to buy without parental help (she's a doctor, and moved up North to buy).

University lecturers do not get summer holidays akin to those of school teachers.

@bullywee indeed they don't. There may be a bit of marking and moderation. Those who are publishing may spend time on that. Many don't publish much at all and may do bugger all from June until late September.

It's a shame this will go poof due to fantasist OP.
I imagine a lot of people will be in touch with their energy companies asking to pay in instalments, unable to settle bills as quickly as they would previously.
As long as people pay what they can, they may avoid referral to county debt courts.

Whilst undergraduate degrees are, normally, October to May, postgraduate degrees are 12 month programmes from Oct to Sept or Jan to Dec. Similarly, PhD programmes are full time programmes that continue all year.

There really is a misrepresentation that academics work only a few month a year. Indeed, the teaching aspect of a research active academic (at a research university anyway) accounts for 40% of the workload.