"Many parents are not able to work because they can't afford childcare. These responsibilities have traditionally fallen disproportionately on moms," noted Taylor Bowley, an economist at Bank of America.
"The rising cost of childcare really does spark concern about the progress of women's participation in the workforce going forward," said Taylor Bowley, highlighting the ongoing issues for working mothers.
"There's a very real risk that this will stall the progress being made by women," cautioned Julia Pollak, chief economist at ZipRecruiter, pointing to the broader implications of childcare costs.
"About 60 percent of households spend 20 percent or more of their income on childcare," a concerning fact from a survey conducted by Care.com that reveals the financial burden on families.
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