Many parents are spending more on child care than housing [Video]

Raising a child isn’t easy, and it certainly isn’t cheap. In the U.S., many parents of young children are struggling to balance work and family as childcare costs get higher – even higher than housing costs in some cases.

“What I am seeing is a patchwork of solutions,” said Rebecca Ryan, an economist, public speaker and author, as quoted by The Business Journals in a Friday article.

In an analysis of childcare trends from 2023, the Childcare Aware America organization found that “in all 50 states plus the District of Columbia, the price of center-based care for two children exceeded average annual rent payments by 25% to over 100%.” It also found that the annual price of childcare for two children also exceeded annual mortgage payments from 1% to 64% in 45 states as well as the District of Columbia.

Other interesting survey findings were that childcare for an infant cost more than in-state university tuition in 39 states and the District …