Childcare is so expensive that families are spending a quarter of their income on it

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Childcare is so expensive that families are spending a quarter of their income on it
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Childcare costs are already prohibitively expensive for families—averaging around $10,600 per child, per year. Yet more than a third of parents (37%) have seen their childcare costs continue to jump over the past year.

But the roughly $1,200 a month expense on even part-time day care is a heavy burden. “Day care has completely disrupted our lives financially,” Accardo says. And it’s really not a long-term solution, Accardo admits, saying they’ve hit a point where they’re seriously considering full-time care.

But full-time day care means Accardo and her husband will need to reconfigure their budget again. “It’s been a constant struggle,” she says. Of course, utilizing day care can also be a struggle during a time when childhood illnesses feel more frequent. If Accardo’s son is sick, that means she needs to keep him home. Then it becomes a conversation of who watches him, who stays out of work.

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