Just 65% of parents with kids under 18 say they’re, “doing OK financially or living comfortably,” according to a recent Federal Reserve survey. That’s down 10 percentage points since 2021.
Congress committed $39 billion in federal funds to support the child care industry during the pandemic, but those funds are now drying up. Now, many child care providers plan to raise tuition.
Nearly a third of parents don’t know their schedule more than two weeks in advance, and more than 25% need child care outside of traditional work hours.