Parents are struggling to manage one more rising cost on top of the rising prices of groceries and gas: childcare.
As they prepare to return to the office, parents are struggling with one more rising cost on top of groceries and gas: childcare.
“When it comes to childcare, there are three critical criteria — cost, quality and availability — and based on our research findings, we’ve not only failed to make progress as a country, we’ve actually gone backwards,” said Natalie Mayslich, president of the consumer side of Care.com. Childcare costs outpace inflation The increase in childcare costs between 2019 and 2020 surpassed the annual rate of inflation. At the same time, almost half of parents said it was harder to find childcare services. Almost 16,000 childcare providers shut down between December 2019 and March 2021, according to a Child Care Aware survey.
In all four regions, the annual price of child care is more than the annual cost of in-state tuition at a public four-year university.
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