"In 92% of U.S. families with children under 18, at least one parent works, and in 67% of married-couple families with children, both parents work. Yet many of these parents struggle financially — and often, the need for child care makes it either logistically difficult or very expensive to work."
The American system fails families. And supports only the wealthy. Survival of the financial fittest is unsustainable.
"As families’ reliance on paid child care has grown, the cost of such services has increased at a faster pace than overall prices, even housing prices. On average, child care now costs more than rent in all 50 states. The recent involvement of investors, including private-equity firms, in the child-care industry increases pressure on these businesses to turn a profit — either by focusing on affluent families who can pay more or by reducing compensation for staff, according to journalist and child-care advocate Elliot Haspel. "
The American system fails families. And supports only the wealthy. Survival of the financial fittest is unsustainable.
"As families’ reliance on paid child care has grown, the cost of such services has increased at a faster pace than overall prices, even housing prices. On average, child care now costs more than rent in all 50 states. The recent involvement of investors, including private-equity firms, in the child-care industry increases pressure on these businesses to turn a profit — either by focusing on affluent families who can pay more or by reducing compensation for staff, according to journalist and child-care advocate Elliot Haspel. "