Runaway Childcare Costs

Runaway Childcare Costs Based on a survey conducted of several hundred child-care centers, child-care prices in 75 cities rose an average 6.4% last year (The CareerJournal.com, 2004). As I stated previously, the increases are forcing working parents to reshuffle their budgets and thus causing a major concern for childcare centers and providers all over. For poor families, the increasing rates create major budget disasters and individuals fitting into this category often face the inevitable decision of seeking …

…on the Internet at http://www.bls.gov/oco/ocos170.htm (visited April 08, 2004). Sue Shellenbarger, The Wall Street Journal, Thursday, October 3, 2002 Child-care costs outstrip inflation growth in U.S., on the internet at http://deseretnews.com/dn/view/0,1249,410016539,00.html. (visited April 08, 2004). Berger, Mark C & Black, Dan A, 1992. "Child Care Subsidies, Quality of Care, and the Labor Supply of Low-Income, Single Mothers," The Review of Economics & Statistics, Vol. 74 (4) pp. 635-42. MIT Press