American families spent up to $15,600 per child on daycare in 2022, driving economic strain and prompting tax hikes.

During peak inflation in 2022, many American families spent between $6,552 and $15,600 on full-day child care per child, with some costs rivaling annual rent prices. This financial burden led families to allocate between 9% and 16% of their income on child care, contributing to economic dissatisfaction. Some local governments are considering funding increases through property or sales tax hikes to alleviate the pressure.

November 24, 2024
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