If you’re planning on starting family anytime soon, you better start saving as much as you can now, as the average cost of full-time daycare for kids up to the age of 4 has reached $9,589 a year, according to a new report from the think tank New America. OUCH.
That now tops the average cost of in-state college tuition, which runs about $9,410.
That means parents earning the national median household income (a little north of $53,000) would need to shell out 18% of their income for the care of just one child.
CNN reported that when it comes to the presidential campaigns addressing this issue, Trump wants a childcare tax, while Clinton wants a 10% cap for childcare based on household income.
WTF? Child Care Now More Expensive Than Some College Tuitions was originally published on edlovershow.com