Child Care in The United States is Crazy Expensive

posted by Rip Wooten - 

This news won’t surprise any parents, but there’s a new report out that confirms childcare is still super expensive for the average American family. According to this year’s edition of the report from The Center for American Progress - an independent, nonpartisan policy institute - the average cost of “center-based childcare” in the U.S. is close to 30% of the median family’s income!

So parents are spending almost a third of the money they make on their kids’ care. That’s not even including extras like sports, and lessons, or saving for college funds.

The report finds the most expensive childcare is in Washington D.C., where the average cost for an infant and a four-year-old is $40,521 - which is 51% of the median income for families with kids. And the most affordable state? Louisiana wins, the average cost there for an infant and a four-year-old is only $10,674 or 20% of the median income of families with children.

Families in 24 states are paying 30% or more of their income for childcare and only two states - Louisiana and South Dakota - does childcare cost account for less than 20 % of the family income. No wonder so many families struggle to make ends meet!

Source: Scary Mommy

A childcare worker feeds a baby (R) as children play at the childcare center of the Hopital Necker - Enfants Malades AP-HP (Welfare Services - Paris Hospitals) hospital on July 30, 2015 in Paris. The childcare center accepts children from the neighbourhood but was more particularly set up to allow siblings of hospitalized kids to meet. AFP PHOTO / LOIC VENANCE        (Photo credit should read LOIC VENANCE/AFP/Getty Images)

Rip Wooten

Rip Wooten

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