"Rising Childcare Costs: A Growing Crisis for Families"
Childcare costs in the US are soaring, with the average annual cost for licensed day care reaching $16,692 and infant care in a home day care costing $11,960. High inflation is exacerbating the financial strain on families, with childcare costs rising 4.4% in March compared to a year ago. The expiration of pandemic-era funds has led to the closure of childcare centers, putting millions of families in dire need of affordable childcare. In some areas, childcare costs now exceed the price of a college education, and many families are spending a significant portion of their income on childcare expenses. The childcare industry is facing a crisis, with projections of widespread program closures and job losses, leaving millions of children without access to childcare.