Childcare is about to get a lot more expensive before the end of the summer.
Let's connect the dots.
Let's face it: paying someone to watch your kids is pricey.
According to the Washington Post, half of all parents spend more than 20% of their household income on child care.
Government funding that helped keep the industry afloat during the pandemic is ending. The program, which is one of the last of the pandemic-era safety nets, expires in September.
The problem, according to experts, is the industry was already struggling before COVID.
The median hourly wage for workers is$12 an hour, and as wages rise in other less demanding jobs, workers are jumping ship.
So what does this mean for parents? It is very likely childcare will get even more expensive.
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