It’s no secret that Americans are struggling to keep up with the cost of living, even as the rate of inflation slows this year. But for working parents paying out of pocket for child care, it continues to feel nearly impossible.
The Department of Labor estimates that child care can take up to 19% of an average family’s income per year and per child. In a country where maternity and paternity leave are not guaranteed and child care is only getting more expensive, this leaves U.S. workers and the economy in a precarious position, and one that the Biden administration is making an effort to address.
