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Tending to Baby: Cost of Childcare

The cost of childcare can be astounding for new parents especially if they live in a metropolitan area. While hanging out at a San Francisco park with my kids, a nanny said she gets paid $24 an hour for her single charge. And, this is in a working class neighborhood.

Then, a friend employed by a corporation known for having progressive family policies told me it would cost her $1700 (the reduced rate) to place her infant in the office's on-site daycare.

While these numbers may seem shocking, it's not likely that they will take a plunge anytime soon based on a working mothers need to find quality child care.

A recent MSN article about the expense said:

"Forget about the angst and expense of finding shelter that is safe and warm for your new arrival. I'm talking about the sticker shock of handing over a significant chunk of your paycheck every month just so you are free to work."

To finish the post,

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Many families are having to delay purchasing homes in order to make ends meet during their childcare crunch — the years prior to a child enrolling in kindergarten. And, this is in the middle class where even dual income families struggle. It said:

"Warren believes the two-income family is stretched, too, however. Child-care costs are rising at twice the rate of inflation, she says. After paying the mortgage, health insurance premiums, transportation costs and child-care fees, today's two-income families have less money left over than the one-income family did a generation ago."

Has your family been affected by the cost of childcare?

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