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. Click here to view the full article.
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