Former President Trump addressed questions from Georgia women voters during a town hall on ‘The Faulkner Focus.’ A new report by Bankrate found that child care costs for full-time center-based care for one infant costs at least 10% of a median family’s annual income in nearly every state. Child care has become one of the biggest expenses in household budgets, with infant care costs topping 10% of the median family income in 48 states and DC. New Mexico was found to be the least affordable state for infant care, while South Dakota was the most affordable. Child care expenses trail only housing costs in terms of the most costly budget items for households, with the costs of day care and preschool rising faster than overall inflation since 1991.
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The analysis of this text highlights the staggering costs associated with child care in the United States, with infant care expenses exceeding 10% of the median family income in almost every state. Bankrate’s study reveals the disparities in affordability across different states, pointing out that New Mexico has the least affordable child care costs. The data also showcases how child care expenses have risen faster than inflation since 1991, surpassing other major household expenses like food, health care, and transportation. This analysis sheds light on the financial burden that child care imposes on American families and the importance of policy reforms to make childcare more accessible.
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