The average cost of childcare for two children is greater than the average price of rent in all 50 states, highlighting a systemic affordability crisis.
Half of Americans spend over 30% of their incomes on housing, while many spend over 7% of their incomes on childcare, indicating a widespread financial burden.
Affording current childcare costs for one child requires 10% of a married household's income and 32% for a single parent, complicating family budgeting.
The pandemic has exacerbated the child-care crisis, leaving 16,000 providers shuttered and creating a broken market where affordable options are sparse.
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