As child care costs soar, more parents may have to exit the workforce

Re:As child care costs soar, more parents may have to exit t... by genmud on Wednesday November 01, 2023 @10:45PM (#38108375)

When the median household income is 75,000 and the average household size is 2.5, yes, a metric like this can be a value judgement of policies.

I have another kid on the way and daycare for both kids (when the new one is about 8-9 months old) is going to be around $3,700/month, or $44,400 per year. For my family we will spend more than half the median household income just on child care. The story is almost the same with nearly every parent I talk to.

[ Parent | on HN ]

Re:As child care costs soar, more parents may have to exit t... by pintxo on Thursday November 02, 2023 @02:54AM (#38109853)

So an average Kindergarden group of 10 would net the operation 220k annually? That must be some high cost of living area, where child care workers earn decidedly above the median income. Or someone is extracting massive profits.

[ Parent | on HN ]

Re:As child care costs soar, more parents may have to exit t... by olau on Thursday November 02, 2023 @07:10AM (#38111755)

At that age span, you're looking at 3-5 children per adult.

[ Parent | on HN ]

Re:As child care costs soar, more parents may have to exit t... by brightball on Thursday November 02, 2023 @06:13AM (#38111294)

When we did the math on 2 kids in daycare, we hired a nanny. It was cheaper, more convenient and better for the kids. Plus, the nanny has become a lifelong family friend.

[ Parent | on HN ]

Re:As child care costs soar, more parents may have to exit t... by lukego on Thursday November 02, 2023 @08:02AM (#38112307)

We did the same. And then did the math again and moved to Scandinavia...

[ Parent | on HN ]