Economics
Elizabeth Warren’s Childcare Policy Could Spark $700 Billion of Growth
Episode three of The Pay Check examines how the cost of childcare holds back women’s earning power. Is there a better way?
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As any working parent will tell you, childcare in America isn’t cheap. One year in a daycare center cost almost $11,000 in 2018, according to a survey by Care.com. In-home daycare cost a little less; nannies, a lot more.
Over the past 20 years, those expenses have eaten up an ever-larger share of family dollars. One in three households spends more than 20 percent of income on child care—three times the threshold considered “affordable” by the U.S. Department of Health and Human Services.