For some parents, child care is more expensive than rent: Report

[Craig Nigrelli]

KIDS ARE EXPENSIVE – SO EXPENSIVE, IN FACT, MANY FAMILIES ARE PRETTY MUCH PAYING A SECOND RENT TO SEND THEIR KDIS TO DAY CARE.

NEW DATA FROM THE DEPARTMENT OF LABOR SHOWS DURING 20-22 – WHEN INFLATION WAS THE HIGHEST IT HAD BEEN IN FORTY YEARS – FAMILIES SPENT AT **LEAST** 65-HUNDRED DOLLARS ON FULL-DAY CARE… AND UP TO 15-THOUSAND 600 DOLLARS, DEPENDING ON WHERE THEY LIVE.

20-22’S IS THE MOST RECENT DATA AVAILABLE.

THE LABOR DEPARTMENT NOTED THAT UPPER RANGE IS **MORE** THAN 20-22’S MEDIAN ANNUAL RENT – WHICH WAS 15-THOUSAND 216 DOLLARS.

THE LABOR DEPARTMENT SAID HOUSEHOLDS TYPICALLY SPEND BETWEEN 9 AND 16 PERCENT OF THEIR ANNUAL INCOME ON DAY CARE **PER CHILD**.

THE AGENCY ESTIMATES MORE THAN 13 MILLION OF THE NATION’S ROUGHLY 63 MILLION PARENTS RELY ON PAID CHILD CARE PROVIDERS.

ACCORDING TO THE REPORT, COSTS ALSO TEND TO BE HIGHER FOR FAMILIES WITH INFANTS – SOMETHING STRAIGHT ARROW NEWS HAS ALSO REPORTED RECENTLY.

IT’S ALSO MORE EXPENSIVE FOR THOSE LIVING IN LARGER COUNTIES OR USING CENTER-BASED RATHER THAN HOME-BASED CARE.

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