Evergreen Youth Secrets
  • Health News
  • Health Care
  • Staying Healthy
  • Beauty Advices
  • Health News
  • Health Care
  • Staying Healthy
  • Beauty Advices
No Result
View All Result
Evergreen Youth Secrets
No Result
View All Result
Home Health Care

Child care cost rising at nearly twice the pace of inflation: Research

by
May 31, 2024
in Health Care
0
Child care cost rising at nearly twice the pace of inflation: Research

Child care costs in the U.S. have been rising over the last few decades at nearly twice the rate of inflation, according to a new report by audit firm KPMG. 

KPMG’s report, which was published Tuesday, showed that child care costs increased by 263 percent between 1990 and April of this year. During the same time period, the consumer price index, a parameter utilized for measuring inflation, rose by 133 percent.

“The childcare crisis, which was simmering prior to the pandemic, has come to a boil,” the researchers said in the report. 

“It really gets to the issue that parents are really stuck in right now — the largest generation, I might argue, of 30-somethings we’ve ever seen,” Diane Swonk, chief economist at KPMG, said in an interview with Marketplace. 

“We’ve got 12,000 millennials turning 35 every day. And they’re in the thick of this, trying to pay for child care costs, which are — affordability, the government has said you should pay maybe 7% of your income for child care costs,” Swonk added. 

Women who have younger kids also have a lower labor force participation rate when compared to others, according to KPMG’s research. Mothers with children who are younger than 6 had a labor participation rate of 69 percent last year, compared to 95 percent of similar fathers.

Women with kids between 6 and 17 had a labor participation rate of 78 percent, while with men it was 92 percent. 

The consumer price index published in February showed child care costs increased by 3 percent between December 2022 and December of last year. Preschool and day care costs rose by 4.5 percent during the same period.

Previous Post

Texas Supreme Court rejects challenge to abortion ban over medical exceptions

Next Post

Women on Mediterranean diet live significantly longer: Study

Next Post
Women on Mediterranean diet live significantly longer: Study

Women on Mediterranean diet live significantly longer: Study

Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.

    Popular News

    New Hampshire lawmakers give final approval to gender-affirming care ban 

    New Hampshire lawmakers give final approval to gender-affirming care ban 

    June 27, 2025
    FDA expanding COVID vaccine warnings over rare heart side effect

    FDA expanding COVID vaccine warnings over rare heart side effect

    June 27, 2025
    Supreme Court upholds HHS authority over ObamaCare preventative care task force

    Supreme Court upholds HHS authority over ObamaCare preventative care task force

    June 27, 2025

    Trending

    Congress takes aim at White House nursing home staffing quotas

    Congress takes aim at White House nursing home staffing quotas

    June 11, 2024
    Anxiety grows over telemedicine flexibility extension 

    Anxiety grows over telemedicine flexibility extension 

    October 24, 2024
    Bhattacharya’s nomination as NIH director advances in Senate

    Bhattacharya’s nomination as NIH director advances in Senate

    March 14, 2025
    CDC: Average age of US moms giving birth rises to nearly 30

    CDC: Average age of US moms giving birth rises to nearly 30

    June 13, 2025

    Recent News

    New Hampshire lawmakers give final approval to gender-affirming care ban 

    New Hampshire lawmakers give final approval to gender-affirming care ban 

    June 27, 2025
    FDA expanding COVID vaccine warnings over rare heart side effect

    FDA expanding COVID vaccine warnings over rare heart side effect

    June 27, 2025

    Popular News

    • New Hampshire lawmakers give final approval to gender-affirming care ban 
    • FDA expanding COVID vaccine warnings over rare heart side effect

    About Evergreen Youth Secrets

    • Contact us
    • Privacy Policy
    • Terms & Conditions
    • Email Whitelisting

    Copyright © 2025 Evergreenyouthsecrets.com. All Rights Reserved.

    No Result
    View All Result
    • Health News
    • Health Care
    • Staying Healthy
    • Beauty Advices

    Copyright © 2025 Evergreenyouthsecrets.com. All Rights Reserved.