Most new parents don't think the cost of having kids will affect their career choices... but 63% in a recent survey said the rising costs of childcare forced a work move.
Even if many expecting parents have their packed “go bag,” assembled the crib and adorned baby’s room, they still might not be fully prepared for life with a child.
Weekly national average costs for a nanny are now $596, up 26% from the site’s 2014 report. At the same time, it now costs an average of $213 to pay for a week at a child-care center, a 14.5% increase from five years ago, the survey said. Average going rates for an after-school baby sitter are now $244, a 34% increase.
The findings echo what other research has found, and what many parents quickly learn: child-care costs aren’t getting any cheaper. Child-care costs have become an issue in the presidential campaign and various Democratic candidates are backing ways to underwrite or defray those costs. Senator Elizabeth Warren, a Democrat from Massachusetts, says families making two time less than the federal poverty line should have a free child-care program, while families making twice as much as the poverty line would have costs capped at 7% of their income.
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