Wednesday, August 11, 2010

Cost of Child Care

FROM ABC:A new study shows it could cost parents more to put their children in daycare than paying college tuition. The study by the national association of child care resources and referral agencies shows: in 40 states childcare is more expensive than public university tuition.

In Illinois, the average annual cost of child care is 11-thousand 353... which is -30 dollars less- than the state's average tuition cost. The study says, childcare costs are rising because the recession has forced many parents to work extra jobs and odd hours...and the cost of providing care during odd hours is often more expensive.

Child Care Costs Are Rising

*Since 2000, the cost of child care has increased
twice as fast as the median income of families with children.
*In 25 states, the increase in the cost of infant care in a center far exceeded the rate of inflation.
*The average increase among all states in the cost of care for a 4-year-old in a center exceeded the rate of inflation.

When I first read this, I thought, "Oh good, maybe I will be able to pay for my kid's college." However, some of them will be in school at the same time, so that idea has already been scrapped. All will the cost of childcare continue to increase with the cost of tuition? Who knows! I think I will just plan on being broke for awhile!

-NewsAnchorMom Jen

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