Childcare Expenses Are Quickly Rising Across the Country

419
SHARE

This level of economic strain makes it harder for parents – and especially mothers – to maintain a consistently active presence in the workforce. All too frequently, a lack of affordable childcare options means having to take time off work, ask for shorter hours, etc. In the long run, this leads to less money coming into the household every month.

From December 2022 to December 2023 alone, the costs of daycare and preschool went up by 4.5%. Moving forward, parents of young children should expect these prices to keep rising. After all, given the persistence of inflation, companies across the board are having to increase their rates.

How parents can bring in more money to cover rising childcare costs

The latest findings from KMPG understandably have Americans caught between a rock and a hard place. In order to keep up with growing childcare expenses, parents need more money coming in on a consistent basis.

Thankfully, opportunities are available. Driving for rideshare services like Uber and Lyft could ease some financial strain. The same also goes for delivering groceries via Instacart and doing pickups for people who order meals through UberEats, Postmates, and DoorDash.