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Stock impact report

Daycare costs harder to afford than college for many [Reuters]

CARE.COM (CRCM) 
Last care.com earnings: 11/6 06:00 am Check Earnings Report
Company Research Source: Reuters
Daycare costs harder to afford than college for many | Reuters 4 Min Read CHICAGO (Reuters) - Americans are not having enough babies. The nation’s fertility rate hit a record low in 2017, and one has to wonder: Could the cost of raising children be discouraging a generation that was choked by the Great Recession? Employment is strong, but pay has been stagnant. College student loans average $35,000, and renting or buying a home is unaffordable in most metro areas. Throw daycare costs of $10,000 a child into the mix, and families ask themselves: How can they afford a baby? Childcare is the third-largest expense in the family budget, behind food and housing, according to the U.S. Department of Agriculture, which calculated last year that middle class families spend $233,610 raising a child to the age of 18. “Daycare is a crisis and a much bigger problem than college,” says Betsey Stevenson, an associate professor of public policy at the University of Michigan, who wonders why there is n Show less Read more
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