Wednesday, July 26, 2017

Thrifty Thinking: The Cost of Childcare

Did you know 1 in 3 families spend 20% or MORE of their household income on child care? For the fourth year in a row,'s Cost of Care Report spoke in-depth with more than 1,000 parents nationwide about their child-care spending habits, including the rising costs of child care centers, nannies, and babysitters. 

  • 1 in 3 families spend 20% or more of their household income on child care
  • 52% of families think they're spending too much on child care.
  • 32% of families are willing to go in debt (or further in the hole) to pay for child care

The Cost of Care Survey is an annual survey to measure the relative cost of care in the U.S. and how care impacts families’ budgets and employment. The 2017 Cost of Care Survey captured responses from more than 1,100 parents in the United States. The complete list of rankings and detailed methodology can be found here. 

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