US Child-Care Costs at $40,000 Force Parents to Get Second Jobs

 

• Parents embrace more demanding work schedules to offset costs
• Families paying for child care dip into savings at faster rate

A dramatic increase in child-care costs since the pandemic is forcing parents to find new ways of making ends meet, from working part time at a daycare for a discount to driving for a ride-share service on weekends.

In a sign of how extraordinary the financial pressure has become — at a time when housing, groceries and other everyday items have also grown more expensive — even workers with full-time positions at the likes of big banks and tech firms are among those embracing such solutions, according to interviews with nearly two dozen parents.

https://www.bloomberg.com/news/articles/2023-12-20/us-child-care-costs-rise-in-post-covid-economy-pushing-parents-into-second-job