JOURNAL ARTICLE

Even More Affordable Childcare Costs Surged 50%, Survey Finds.

  • Published In: Bloomberg.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Butler, Kelsey 3 of 3

Abstract

A recent survey by Care.com revealed that the cost of home-based childcare surged by almost 50% in 2024, making it nearly as expensive as formal daycare centers. The childcare industry is facing challenges due to a decline in federal aid and a shortage of workers, leading to closures of programs in many communities. The rising costs of childcare are causing significant stress for parents, with many resorting to using their savings to cover expenses and some even considering self-harm. President Donald Trump's campaign had promised expanded access to childcare and paid family leave, but the current administration's approach to these issues remains unclear. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2025/01, pN.PAG
  • Document Type:Article
  • Subject Area:Social Sciences and Humanities
  • Publication Date:2025
  • Accession Number:182535273
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