As the rise in child-care costs outpaces inflation, some parents are reaching a breaking point.
In Rio Rancho, N.M., Mary Bissell and her husband drive two hours every day to drop their three-year-old daughter off at her daycare. They both work in education. Bissell recently took on a remote-working role as a coach to train math teachers.
The current cost is 25% to 30% of the couple’s monthly income. Bissell and her husband currently pay around $1,430 for their monthly mortgage payments, and $500 every month for their car. The U.S. Department of Health and Human Services recommends that child care should not cost families more than 7% of their annual income. But that proves difficult for many families.
— Lauren Accardo, 37, a mother of a 20-month-old child who lives in Queens, N.Y. Accardo currently pays $300 a week for three days of daycare. That works out at about 8% of their monthly household income. Because their son is moving to a new daycare center, the fee will rise to $450 for the full week, which does not include meals.
The COVID-19 pandemic contributed to the rise in child-care costs. Rising labor costs and dwindling child-care availability made it almost impossible for many parents to afford, experts say. But parents are rushing to find affordable daycare as those who were allowed to work from home during the pandemic are being required to go back to the office.
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