Cost Of Child Care Essay

The cost of living has steadily risen over the years. With this increase it has become almost impossible for families to remain financially stable on one paycheck. Not only are two paychecks more beneficial in financing basic living, but also ensures that families receive employee benefits (healthcare, 441K, etc). However, now families are experience a new financial stressor, the cost of child care. A recent poll done by NPR, the Robert Wood Johnson Foundation and the Harvard T.H. Chan School of Public Health found that 31% of working families claimed that the fee associated with child care caused a financial problem within their household. (Neighmond, 2016, p.3). This poll was the main source of data used in Cost of Child Care Causes Financial Stress For Many Families. The poll interviewed 1120 parents and guardians with children under the age of five and not yet in kindergarten. The targeted audience are parents with children to young for public school. For giving the parents two choices: have one parent stay at home in order to alleviate the cost of childcare but lose …show more content…
The call to action is for the government and companies to help finance childcare when needed, but there is no solution or possible reform with her statement. The age range that she is concerned with plays a large role in a child’s cognitive and social development. The Joint Economic Committee (JEC) placed childcare in an economic frame and found that while it would be a cost to the government, in the long run they would profit from financing childcare. In 2007, the JEC discussed how “investments in early childhood programs and improve child outcomes, ease the burden on public resources, enable higher labor force participation, and lead to higher future productivity and economic growth.” (Prentice,