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Child care costs surge by 30%, pushing American parents out of the workforce

American families are paying over 30% more for child care now than they did before the pandemic, according to new analysis from the Bank of America Institute.

United statesWhite houseDistrict of columbiaAnna zhouSandra bishopAmerica instituteStrong america

Childcare costs are up 32% since 2019 to more than $8,000 per year: parents in San Francisco, Seattle, and Boston pay the most, forcing many to quit jobs and stay home

Even such billionaires as Elon Musk have warned against the fast-rising costs of having a kid. Having children should be incentivized, not be a financial penalty, said the dad-of-11.

United statesMiddlesex countyNew yorkSan franciscoAnna zhouLos angelesElon muskPaige turnerNew york cityChild care stabilizationKatalin novakWashington dc

Soaring US childcare costs are weighing on spending and the labor market

Skyrocketing payments are already weighing on spending and the labor market, and that’s even before the expiry of a national program that could make things worse.

United statesKatia dmitrieva bloombergAnna zhouAmerica instituteKatia dmitrievaBloomberg newsChild care stabilization

Soaring U S childcare costs are weighing on spending and the labor market

Skyrocketing payments are already weighing on spending and the labor market, and that’s even before the expiry of a national program that could make things worse.

United statesAnna zhouAmerica instituteChild care stabilization

Soaring US childcare costs are weighing on spending and the labor market

Soaring US childcare costs are weighing on spending and the labor market
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United statesKatia dmitrieva bloombergAnna zhouAmerica instituteKatia dmitrievaBloomberg newsChild care stabilization

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