No Surprise Here: Daycare Costs More Than In-State College Tuition
We've gotta work to pay the bills, including daycare. Makes sense, right? *eye roll*
It's like we can't win anymore. In the majority of American households, both parents work. We have to. Inflation is insane, wages are barely budging, the cost of living is astronomical. But now, the cost of living includes somebody else taking care of our kids...while we work.
A new study shows that, on average, for children up to four years old, daycare costs can exceed $9,600 per year - more than the cost of in-state college tuition, which is approximately $9,400 per year.
The cost of daycare for families can be anywhere from 37% to 53% of a household's income. And, to add insult to injury, most care workers make borderline poverty wages.
This comes as no surprise to us, personally. We've both always had to work, and we've never lived near family that can watch our son. Frankly, one of the reasons we haven't tried to have more children is because of the cost of childcare.
The question is - what's the answer???