AÂ lot of attention has been focused on the negative impact the pandemic has had on restaurants, schools and health care, but another industry is in crisis, according to the National Association for the Education of Children.
A survey conducted in December found that 56 percent of child care centers are losing money. The same study found:
âNearly half of the respondents know of child care centers that have closed permanently, including 42 percent that are minority-owned and 56 percent in suburban areas.
âIn order to stay operational, over half the nationâs child care centers have taken on debt or reduced personal savings. Over half the owners have sacrificed their own incomes to stay open. Forty-two percent of child care operators have started using their own personal credit cards for supplies.
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