The least affordable metro areas in the country for working families with kids are Los Angeles and New York City, where the median cost of childcare plus the notoriously high cost of housing devour 95% or more of the median income.
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.