02 Nov Household child care costs have spiked more than 30% since 2019
Axios By Emily Peck November 1, 2023 The average child care payment is up 32% from 2019, according to new data from the Bank of America Institute. The price surge outpaced overall inflation; the Consumer Price Index was up 20% over the same period. Why it matters: Rising costs pose a threat to the remarkable progress that women, particularly mothers, have made in the U.S. labor force. The report found that cost increases might be driving some parents out of the workforce to look after...