At $11,000 per year, the cost of child care is a major expense for working parents

Discussion in 'Education' started by chanel, Jul 7, 2012.

  1. chanel
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    chanel Silver Member

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    At $11,000 per year, the cost of child care is a major expense for working parents - pressofAtlanticCity.com: Breaking News

    $11,000 per year? Hmmmm. What's up with that?
     
  2. dblack
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    dblack Gold Member

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    If you're not going to look after your own kids, you have to pay someone else to do it. Where's the mystery?
     
  3. Rozman
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    Rozman Gold Member Supporting Member

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    Maybe people should wait to get married,or at least wait until they can afford to have kids.
     
  4. squeeze berry
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    squeeze berry Gold Member

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    when they get to school age they have the right to free and appropriate public babysitting ;)
     
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    Last edited: Jul 7, 2012
  5. chanel
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    chanel Silver Member

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    Could it be the subsidies driving up the cost? See higher ed.
     
  6. Care4all
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    Care4all Warrior Princess Supporting Member

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    the article said for "an infant"....so this means that if the mother is a full time worker, then her child will be in day care about 45 -50 hours a week, and if she pays only $5.00 an hour for this care, it would be over $11k a year for day care....even if she only paid $4.00 an hour for daycare, it would still be over 10k come year end...

    That's a lot, and many women have chosen not to work due to this and frankly, If they are not getting paid much themselves for working, it is not worth it for some women.
     
  7. Moonglow
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    Moonglow Diamond Member

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    I had to pay 40 a week even inthe later '80's when I was a single parent. For one child, I ended up sending him to private preschool since the cost was only 10 a week more.
     
  8. Katzndogz
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    Katzndogz Diamond Member

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    Time for the government to pay for child care!
     
  9. Care4all
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    Care4all Warrior Princess Supporting Member

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    maybe it is not time for the government to pay for healthcare, but it could be time for them to give incentives, tax incentives, for more people to get in to the day care business...sounds like there is much opportunity for people to get in to this business.

    Is New Jersey's State laws too strict? Not strict enough? What is preventing the supply from meeting the demand? If the supply can keep up with the demand then prices would be lower.
     
  10. alan1
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    alan1 USMB Mod Staff Member Supporting Member

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    This.........
    Picture a married woman makes $22k a year. Her husband makes $35k a year. They pay $11k for daycare if she works. They are probably better off is she stays home with the kid and avoids the $11k daycare. $57k annual income pays a lot more than $35k in annual income taxes. Essentially, her income pays nothing but taxes and daycare.
    Add a second child to the daycare costs and it gets worse.
    Add more meals out instead of home cooked meals because both parents are too tired to cook.
    Add a second car so both parents can commute. (gas, insurance, care payment, maintenance)
    Add a second cell phone since both parents are out of the home.
    The list goes on.
     
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