New Care.com Report Reveals Soaring Childcare Costs Are Crippling Majority of American Families

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Jun 13, 2023

Care.com%26rsquo%3Bs+2023+Cost+of+Care+Report found that parents spend 27% of their household income (HHI) on average on childcare, up from 24% just a year ago and nearly four times the amount deemed affordable by the U.S. Department of Health and Human Services (7%). The research also found that the majority of parents (59%) expect to spend more than $18,000 on childcare in 2023, nearly double the cost of in-state+college+tuition.