Youngster care: the opposite mortgage cost nobody warns you about.
Reply: $11,582 per yr
Questions:
- How would possibly a excessive value of kid care have an effect on a household’s determination about having youngsters or what number of to have?
- Do all households really feel the burden of kid care prices equally? Why or why not?
- How would possibly youngster care bills affect somebody’s profession decisions or work hours?
Listed here are the ready-to-go slides for this Query of the Day you need to use in your classroom.
Behind the numbers (CNN):
The report additionally exhibits that youngster care continues to be a significant monetary burden for a lot of mother and father, although it has stabilized considerably for the reason that Covid-19 pandemic upended the trade in 2020, forcing many suppliers to shut their doorways or jack up their costs to retain their employees and preserve a protected surroundings.
Nationwide, the typical annual value of care rose to $11,582 per youngster final yr, up 3.7% from the prior yr. It was the smallest annual improve for the reason that pandemic started and trailed inflation.
About
the Creator
Dave Martin
Dave joins NGPF with 15 years of educating expertise in math and pc science. After becoming a member of the New York Metropolis Instructing Fellows program and incomes a Grasp’s diploma in Schooling from Tempo College, his educating profession has taken him to New York, New Jersey and a summer season within the north of Ghana. Dave firmly believes that monetary literacy is important to creating well-rounded college students which might be ready for a fancy and extremely aggressive world. Throughout what free time two younger daughters will permit, Dave enjoys video video games, Dungeons & Dragons, cooking, gardening, and taking naps.
