Parents, especially mothers, reduce work hours or leave jobs due to rising US childcare costs outpacing inflation.

Rising childcare costs in the U.S. are forcing many parents, especially mothers, to reduce work hours or leave their jobs, with costs outpacing inflation. Childcare is a major household expense, often exceeding the affordable threshold of 7% of income. This has implications for women's workforce participation, which is lower than in many countries. Political solutions, including proposed tax credits, are being discussed, but experts highlight a need for more childcare availability and support for providers.

October 03, 2024
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