Pandemic, Rising Costs Challenge Child Care Industry

These pandemic effects on the sector might linger for some time. As the labor market recovers and parents seek ways to get back to work, a decline in child care capacity, combined with higher wages, could continue to push up the cost of care in the short run. Expanded federal aid to families may ease the burden of child care costs, but more income ...

CouponFollow Extension

32%
OFF

Rising Child Care Costs Creating Dilemma For Working Parents - MSN

2 weeks from now

The average child care payment shot up 32% since 2019, according to data from the Bank of America Institute — putting unique pressure on working women. The female labor force …

msn.com

70%
OFF

The Soaring Costs Of Day Care Stifle Some Parents' Return To Work

2 weeks from now

Jun 22, 2021 · In some states, day care costs have soared as high as 70%, and workers are tough to find. Many home day care setups and centers shut down during the pandemic, and …

npr.org

36%
OFF

Care.com Survey Finds Rising Cost Of Child Care Is Causing Families To ...

2 weeks from now

The survey also asked parents how they’re responding to the rising cost of child care. In addition to financial strain, child care costs have caused relationship tension for 36% of those …

care.com

23%
OFF

Addressing The High Cost Of Childcare In The U.S - CliffsNotes

2 weeks from now

Aug 4, 2024 · 2 The Problem The rising cost of childcare in the U.S. presents a significant challenge for working parents, with costs increasing by 23% between 2017 and 2023, often …

cliffsnotes.com

63%
OFF

Child Care In America Continues To Be 'one Of The Biggest …

2 weeks from now

Sep 15, 2022 · Over the past year, child care has gotten more expensive for 63% of parents, according to Care.com's 2022 Cost of Care survey, which also found that 51% of parents are …

yahoo.com

50%
OFF

The Cost Of Childcare And Its Effect On Working Parents - Quartz

2 weeks from now

Oct 19, 2017 · But average weekly child care spending went up by 50% for those in the top quartile of earners from about $125 to $186 (in 2016, the top quartile had incomes of $102,500 …

qz.com

$1058
OFF

RELEASE: Child Care Is Crucial As Fewer Young Children Than Ever …

2 weeks from now

Jan 30, 2025 · Between 2016 and 2023, inflation-adjusted annual child care prices rose by $1,058 for two children in center-based care and $2,739 for two children in family-based care.

americanprogress.org

90%
OFF

Caregiving Crisis Pushes Parents To Consider Suicide Or Self-harm

2 weeks from now

4 days ago · Care.com found that 90% of parents lost sleep, 80% cried (with the number rising to 90% for mothers), and 29% considered suicide or self-harm.

fortune.com

FAQs about Pandemic, Rising Costs Challenge Child Care Industry Coupon?

Could high child care cost lead to a workforce retreat?

The average child care payment shot up 32% since 2019, according to data from the Bank of America Institute — putting unique pressure on working women. The female labor force participation rate recovered its losses from the pandemic. But experts say the high cost of child care could lead to a similar retreat from the workforce. ...

Why is child care so expensive?

At the same time, the cost of child care has been steadily rising in part due to inflation. “Child care is one of the biggest challenges for women in the workforce,” Mark Suzman, CEO of the Gates Foundation, told Yahoo Finance Live (video above). “It is one of the reasons why job losses during COVID were disproportionate to women. ...

How much do families spend on child care?

This estimate is similar to other estimates; for example, a 2009 BLS report found that families with both parents working spent $6,864 on child care in 2009, which is $8,940 in 2019 after adjusting for child care inflation. The nonprofit ChildCare Aware of America calculated families spent $9,200 to $9,600 per child on child care in 2019. ...

How is child care impacting the careers of working parents?

Whether cutting back or doubling down on hours, finding new jobs or withdrawing from the workforce, there is no denying that child care — and, specifically, the cost of care — is having an impact on the careers of working parents today. ...

Why do child care prices increase faster than wages?

Because the price of child care has increased faster than wages, it’s likely other demand-side factors may be leading faster price growth for child care services. For example, more households with two people working full-time and higher-educated and higher-income families are now more likely to have children. ...

Are rising childcare costs causing a financial squeeze on US families?

As the conventional wisdom goes, rising childcare costs has put a financial squeeze on US families. More than 60% of parents across all income brackets in a 2015 Pew Research Center survey said it was difficult to find affordable, high-quality childcare in their community. A closer look at the data, however, reveals a more complicated story. ...