Child care is one of the most significant expenses for American families. Costs top housing and often college tuition. While child care is often presented as a personal, family issue, parents’ abilities to find and afford child care is inextricably connected to economic stability and growth, and the strength of the nation’s economic recovery relies on bold child-care reform.
In the State of the Union address earlier this month, President Joe Biden shared that many families pay up to $14,000 per year on child care, but that number does not capture the full cost to parents and communities.
The above excerpt was originally published in Market Watch.
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