The cost of child care continues to rise while families struggle to afford quality care, according to a new report from Child Care Aware® of America.
Parents and the High Cost of Child Care: 2013 Report, released today, reveals that families are paying more for child care, and are paying a significant part of their earnings for this care. In the last year, the cost of child care increased at up to eight times the rate of increases in family income.
In 2012, the average annual cost of full-time care for an infant in center-based care ranged from $4,863 in Mississippi to $16,430 in Massachusetts. For an infant in a family child care home, the average cost ranged from $3,930 in Mississippi to $11,046 in New York.
“Child care is an increasingly difficult financial burden for working families to bear,” said Lynette M. Fraga, Ph.D., Executive Director of Child Care Aware® of America. “Unlike all other areas of education investment, including higher education, families pay the majority of costs for early education. Too many families are finding it impossible to access and afford quality child care that doesn’t jeopardize children’s safety and healthy development.”
Read the full report here.