Did you know that the average American family spends a staggering 27% of their income on childcare? We don't need to tell you that's hardly affordable, but just in case you need confirmation, the Department of Health and Human Services states that "affordable" childcare should be no more than 7% of household income.
I am begging women to stop comparing the cost of childcare directly to their salary. So often when women become new moms, they'll do the math to determine whether or not they can afford childcare.
This is very short-term thinking. The cost of being out of the workforce, even for a short period of time, is very great. So even if you intend just to take a few years off during those high-cost childcare years, when you try to re-enter the workforce you often do so at a lower rate and your career has stagnated quite a bit.
Moreover, she notes, this mentality puts the burden on women.
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