A new Bankrate analysis highlights that full-time infant care can exceed 10% of a typical family's annual income in 48 states and D.C., with costs reaching 20% in states like New York and Hawaii.
Diana Carter, a 34-year-old entrepreneur, reveals that she and her husband have spent over $7,000 on child care over the last five years while managing homeschooling and family support.
Carter expresses the challenge of balancing work and caring for children, stating that if full-time child care became necessary, they would reassess their finances and her career options.
The situation reflects a national trend where child care costs significantly impact family budgets, regardless of whether they live in higher- or lower-cost states.
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