| Posted By |
Message |
| Pages: [1] 2 |
4PsInaPod
My Loves <3
Member since 7/07 10079 total posts
Name:
D
|
Childcare Costs More Than College
 NY TIMES BLOG
August 9, 2010, 11:22 AM
Child Care Costs More Than College
By LISA BELKIN
Saving for college? First start saving for child care.
A study released last week by the National Association of Child Care Resource Referral Agencies finds that the cost of center-based care has now surpassed the cost of public-university tuition in a majority of states.
In the past 10 years, the agency’s latest survey found, the cost of child care for the youngest children increased twice as fast as the median family income throughout the country, and in half the states it far outpaced the rate of inflation. The recommendation of the Department of Health and Human Services is that parents spend no more than 10 percent of their family income on child care. But in 36 states, the cost of center-based care for an infant exceeds 10 percent of median income for a married couple, and for single parents, the cost of center-based infant care exceeds 10 percent of median income in every state.
Exact numbers vary — from a low of $4,550 per year for infant care in Mississippi in 2009 to a high of more than $18,750 in Massachusetts. Infant care was particularly expensive — the yearly cost of care in a center is higher, on average, than the the yearly cost of food in every region of the United States. But even as children graduate to the toddler room, care hardly becomes a bargain. The monthly costs for center care for an infant plus a preschooler are higher than the median cost of rent, and nearly as high as the monthly mortgage for most families. (Costs for school-age children ranged from $2,160 in Mississippi to $10,400 in New York.)
Comparisons to college tuition also vary from state to state, but almost everywhere the ratio is startling. In 40 states the average annual cost for an infant in center-based care was higher than a year’s tuition and fees at a four-year public college. In Massachusetts, the yearly infant care cost exceeded the yearly cost of tuition and fees by $9,533; in New York, Wyoming and Washington, D.C., the infant-care costs were more than double the college costs.
|
Posted 8/9/10 2:25 PM  |
| |
|
Long Island Weddings
Long Island's Largest Bridal Resource |
CaMacho
Sisters :)
Member since 7/06 15112 total posts
Name:
Jess
|
Re: Childcare Costs More Than College
I love my MIL.  
|
| Posted 8/9/10 2:27 PM |
| |
|
eddiesmommy
best buds!
Member since 5/09 11524 total posts
Name:
Melissa
|
Re: Childcare Costs More Than College
Im not surprised but
|
| Posted 8/9/10 2:28 PM |
| |
|
leighdvm
My golden boys!
Member since 3/06 4419 total posts
Name:
Michele
|
Re: Childcare Costs More Than College
I believe it, I pay almost 19K per year for daycare......
|
| Posted 8/9/10 2:29 PM |
| |
|
4PsInaPod
My Loves <3
Member since 7/07 10079 total posts
Name:
D
|
Re: Childcare Costs More Than College
Posted by CaMacho
I love my MIL.
Right?! I love my Mother & MIL even more now. I mean he's still in daycare 2x a week but still.
This made me   
|
| Posted 8/9/10 2:29 PM |
| |
|
Marbo
LOVE
Member since 7/08 2374 total posts
Name:
|
Re: Childcare Costs More Than College
Yes, we will be getting a break when dd goes to school ...even if we sent her to private school it would be cheaper than daycare!
|
| Posted 8/9/10 2:29 PM |
| |
|
trnity44
I hope you stay beautiful baby
Member since 5/05 8356 total posts
Name:
Liz
|
Re: Childcare Costs More Than College
Ughhhh! I always joke that the private high school that I went to is such a BARGAIN compared to DD's daycare! We pay almost $18k per year! Times that by the 5 years that she'll be in daycare when she goes to kindergarten and you get $90k!
|
| Posted 8/9/10 2:32 PM |
| |
|
annoyedTTCer
LIF Adult
Member since 4/09 3272 total posts
Name:
|
Re: Childcare Costs More Than College
Hmm, should we move to Mississippi
|
| Posted 8/9/10 2:32 PM |
| |
|
BethanyLynn
Love these munchkins
Member since 10/09 6295 total posts
Name:
Bethany
|
Re: Childcare Costs More Than College
Posted by CaMacho
I love my MIL.
Me TOO!!!!!
|
| Posted 8/9/10 2:33 PM |
| |
|
Ophelia
she's baaccckkkk ;)
Member since 5/06 23378 total posts
Name:
remember, when Gulliver traveled....
|
Re: Childcare Costs More Than College
Posted by CaMacho
I love my MIL.
WORD!!!! 
|
| Posted 8/9/10 2:33 PM |
| |
|
Ang-Rich
Beyond Compare
Member since 5/05 17988 total posts
Name:
|
Re: Childcare Costs More Than College
It's insane...we pay over $30k for two in daycare even with a sibling discount.
|
| Posted 8/9/10 2:35 PM |
| |
|
BethanyLynn
Love these munchkins
Member since 10/09 6295 total posts
Name:
Bethany
|
Re: Childcare Costs More Than College
Posted by Ang-Rich
It's insane...we pay over $30k for two in daycare even with a sibling discount.
OMG! Insane
|
| Posted 8/9/10 2:37 PM |
| |
|
Goldi0218
My miracles!
Member since 12/05 23902 total posts
Name:
Leslie
|
Re: Childcare Costs More Than College
Good thing Abby is polishing her pole dancing skills. As far as Zippy goes, he may very well be on his own.
|
| Posted 8/9/10 2:43 PM |
| |
|
Ian&EmmesMommy23
My family is complete!
Member since 11/08 12970 total posts
Name:
Diana
|
Re: Childcare Costs More Than College
omg thats true!! i pay $14,000 a year in daycare!!! 
|
| Posted 8/9/10 2:46 PM |
| |
|
Tine73
Member since 3/06 22093 total posts
Name:
*********
|
Re: Childcare Costs More Than College
I just added it up - we are right there with you Ang!!
|
| Posted 8/9/10 2:50 PM |
| |
|
LeShellem
A new beginning
Member since 2/07 3600 total posts
Name:
LeShelle
|
Re: Childcare Costs More Than College
I always say that we will afford to send DS to college as we are paying for college now without the educational benefit. And what we pay now would pay for some private colleges or two years of a public college right now. Can't wait financially when he goes to school full time.
|
| Posted 8/9/10 2:51 PM |
| |
|
LoveyQ
Stalkers, get a life.
Member since 11/07 12820 total posts
Name:
|
Re: Childcare Costs More Than College
Wow, that's insane!!!!! Really puts things into perspective!
|
| Posted 8/9/10 3:10 PM |
| |
|
Ophelia
she's baaccckkkk ;)
Member since 5/06 23378 total posts
Name:
remember, when Gulliver traveled....
|
Re: Childcare Costs More Than College
Posted by BethanyLynn
Posted by Ang-Rich
It's insane...we pay over $30k for two in daycare even with a sibling discount.
OMG! Insane
sweet Jesu!!!!! that number made MY stomach turn!  
|
| Posted 8/9/10 3:12 PM |
| |
|
Linda1003
love my 2 boys
Member since 8/08 10923 total posts
Name:
Linda
|
Re: Childcare Costs More Than College
I pay about $17k per year!!
|
| Posted 8/9/10 3:13 PM |
| |
|
domsmom52704
Family is everything!!!
Member since 5/05 1989 total posts
Name:
Jess
|
Re: Childcare Costs More Than College
I know, it's so crazy. I almost wish the state could cap it somehow, they make it almost impossible for parents to afford daycare , especially with more than 1 kid!
|
| Posted 8/9/10 3:38 PM |
| |
|
4PsInaPod
My Loves <3
Member since 7/07 10079 total posts
Name:
D
|
Re: Childcare Costs More Than College
Posted by Goldi0218
Good thing Abby is polishing her pole dancing skills. As far as Zippy goes, he may very well be on his own.
|
| Posted 8/9/10 3:42 PM |
| |
|
leighla
Support Cancer Research
Member since 5/05 16353 total posts
Name:
Lauren
|
Re: Childcare Costs More Than College
Posted by Goldi0218
Good thing Abby is polishing her pole dancing skills. As far as Zippy goes, he may very well be on his own.
I think pole dancing requires pants with words written across the arse.
|
| Posted 8/9/10 3:58 PM |
| |
|
Ang-Rich
Beyond Compare
Member since 5/05 17988 total posts
Name:
|
Re: Childcare Costs More Than College
Posted by Ophelia
Posted by BethanyLynn
Posted by Ang-Rich
It's insane...we pay over $30k for two in daycare even with a sibling discount.
OMG! Insane
sweet Jesu!!!!! that number made MY stomach turn!
Tell me about it. I got dizzy when I saw the number on the calculator
|
| Posted 8/9/10 3:59 PM |
| |
|
MrsA714
Baby #2 is here!
Member since 8/07 8806 total posts
Name:
|
Re: Childcare Costs More Than College
Posted by CaMacho
I love my MIL.
Me too!
|
| Posted 8/9/10 4:00 PM |
| |
|
Mrs-Boop
My Babies
Member since 5/05 4956 total posts
Name:
Jaime
|
Re: Childcare Costs More Than College
Posted by Goldi0218
Good thing Abby is polishing her pole dancing skills. As far as Zippy goes, he may very well be on his own.
Can Vanessa join Abby in her endeavor...maybe the two of them can bring in enough to cover their siblings!!!
I am so excited to have another baby, but the visions of $$ going through my head are scaring me to death. I can't believe the cost of two in daycare. I wish I could quit my job!!
|
| Posted 8/9/10 4:38 PM |
| |
|
| Pages: [1] 2 |
