Write For Us

Families Spending More on Child Care Than Rent


Child care costs are so high, many families spend more on it than they do on rent—and women are paying the price for it with their careers. Here's why.

Families Spending More on Child Care Than Rent

By Zara Husaini, Fit Pregnancy and Baby

Raising children has always been—and likely always will be—pretty pricey. In spite of this, we're surprised to say it but in many US cities, people spend more on child care than they do on rent.

This statistic comes according to a new research paper from the Economic Policy Institute, which counts money spent on babysitters, nannies and day care as child care costs. According to Fortune, child care is defined as "affordable" if it takes up 10 percent of a family's budget—but for many people, child care costs swallow more than 30 percent. This is a new phenomenon: Costs have risen over 168 percent over the past 25 years, which means that child care costs hover around an average of $18,000 a year for most families.

This expense affects low-income families in more drastic ways—they're spending up to 30 percent of their annual incomes on child care—but wealthier families are affected too. In fact, child care costs can exceed in-state college tuition costs in 33 states.

Women pay the price

This has a major effect on the way American families reconcile these costs. The biggest societal factor caused by mounting child care prices? More and more women are leaving the workforce to stay at home and care for their kids. According to a survey, 69 percent of parents say child care costs have affected their career decisions, while a quarter have switched jobs for better family benefits. The number of working moms in the country is dwindling—which is surprising, as we had been seeing an upward trend in those numbers in previous years. In 2012, 29 percent of moms did not work outside the home compared to 23 percent in 1999.

"I absolutely think [the cost of child care] plays a role in a woman's decision to go to work," Elise Gould, a senior economist at EPI, said. "It is taking a toll on labor force participation and therefore on the economy."

Families Spending More on Child Care Than Rent


Note: If you think this story need more information or correction, feel free to comment below your opinion and reaction.
Like & Follow to Stay Updated ...


Arts & Culture,6,Beauty & Style,358,Books,3,Career & Education,31,Food & Drinks,63,Home & Garden,28,Lifestyle,598,Mulberry signs eyewear license with De Rigo,1,Relationships,5,
Lifestyle - U.S. Daily News: Families Spending More on Child Care Than Rent
Families Spending More on Child Care Than Rent
Lifestyle - U.S. Daily News
Loaded All Posts Not found any posts VIEW ALL Read More Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share. STEP 2: Click the link you shared to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy