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Soaring Child Care Costs Squeezing Working Families
The results of the 10th annual Cost of Care Report show that child care has become unaffordable for most U.S. families. Of 3,000 surveyed parents, 67% are spending 20% of their annual income or more on child care, up from 51% in 2022. This marks the 10th year in a row child care costs have risen.