When Child Care Costs More Than Rent, Women Stay at Home

| October 21, 2015

Christina Cauterucci | Slate

The percentage of mothers who stay at home with their children has been on the rise since 1993, and it’s not because formerly career-driven women have suddenly woken up to the joys of full-time baby bonding. In nearly 81 percent of U.S. towns, the average price of two-kid child care costs more than rent, which can make working a full-time job seem like a poor economic decision.

According to the Department of Health and Human Services, expenses related to child care (day care facilities, babysitters, and nannies) should not exceed 10 percent of a family’s income. For its new study, the Economic Policy Institute used its family budget calculator to compare “the income families need in order to attain a modest yet adequate living standard where they live” with how much child care costs in their respective communities.

The stats are an effective argument for birth control among people of reproductive age who hope for financial security. Since the end of 1990, consumer prices have risen 76 percent, compared with a 168 percent jump in child care and nursery school costs. Today, residents of Binghamton, New York, pay three times their rent for child care, the worst ratio in the country. San Francisco seems like a steal—child care costs just half as much as rent in the city—until you consider that renting a spot in a bunk bed can cost nearly $1,000 in that farcical housing market…

Continue reading this article here.

Tags: , , , , ,

Category: General

Comments are closed.