The high price of parenting

Childcare wasn’t precisely low cost or straightforward to search out earlier than March 2020, however 72% of dad and mom say that it’s dearer in 2021 as a result of pandemic, in line with an evaluation by Plus, one-third of childcare facilities have but to reopen. Parents—and mothers specifically—have been compelled to take a step again or depart the workforce totally. To attempt to restrict the fallout, some corporations are enhancing advantages, providing staff backup care, tutoring reimbursement, and even on-site childcare.

Sources: survey “This Is How Much Child Care Costs in 2021”; and LifeCare’s The Future of Benefits report; “Safely Back to School After Coronavirus Closures,” McKinsey & Company; McKinsey American Opportunity Survey

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