This is what it costs to raise a child in the US today

Ask any parent about raising a child, and that parent will likely say that the job isn’t easy. It’s also expensive, and those costs start early.

While child care costs add up for multiple reasons, child care is one of the biggest costs, due to economic demand.

“Child care is the number one reason why it is so expensive to raise a child in the United States. This boils down to simple supply and demand, where the demand for childcare, camps and other child care far outstrips the availability of programs,” Sabatier said. “This causes daycares to raise their prices and creates a vicious cycle where now daycares have outpaced inflation and definitely outpaced wage growth, which prior to this year was historically low. Family salaries and budgets just can’t keep up.”

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