Why Is Childcare Getting Even More Expensive?
There are many theories about an issue very close to the hearts, and wallets, of parents. We investigate.
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For many parents, putting a kid in daycare costs more than the rent. And the price continues to climb.
The expense of childcare, which includes both daycare and nursery school, has outpaced inflation since the recession, according to data from the Department of Labor. From 2009 through 2016, the overall Consumer Price Index increased about 12 percent while the childcare and nursery school index (yes, there is one) jumped more than 21 percent, according to data provided to the Bureau of Labor Statistics. In other words, people are shelling out a lot more cash on their kids than on anything else.