![]() Some parents choose to have one of them stay home full time with kids who aren’t in school yet because it actually costs less than having a dual income household that pays for full-time child care. ![]() In this article:įamilies each plan for the financial stress of child care in their own way. For some of us, child care expenses are equal to carrying a second mortgage month to month. The cost of child care has a significant impact on my family, as well as many of the families I work with as a financial planner. ![]() This amount accounts for more than 16 percent of median married-couple family income - well above the Department of Health and Human Services’ (HHS) recommendation that child care should cost no more than 7 percent of household income. is nearly $16,000, according to a recent study by the Center for American Progress. The average annual cost of center-based infant care in the U.S. ![]() Regardless of income bracket, the fact is clear - c hild care is expensive. The sticker shock of daycare, babysitting, or a part-time child care program can cause many parents to panic. Life Insurance with No Medical Exam Get a quote ![]()
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