Stephan: According to the Washington Center for Equitable Growth, "The United States ranks 30th out of 33 member nations of the Organisation for Economic Co-operation and Development in public spending on families and children, which includes policies such as child payments and allowances, parental leave benefits, and childcare support." And the cost is more than many families, particularly single mothers can afford, as this report describes. Proving once again, as I have written repeatedly, America does not like or prioritize its children.
Inflation is a hot topic these days, but it’s not just the cost of candy that’s rising. Since the start of the pandemic, childcare costs have gone through the roof. Across the U.S., parents are seeing an average annual cost increase of 41% for center-based childcare providers, and spending an average of $14,117 annually, up from $9,977 pre-pandemic, according to data from a recent LendingTree report. Households with children younger than 5 were hit hardest by these increases, the report found.
Using data from the Center for American Progress on the costs facing center-based childcare providers and data from Child Care Aware of America on household childcare expenses, LendingTree quantified the household impact of ensuring kids are cared for while parents are […]