Child Care Expenses Rise Double That of Inflation: KPMG

Expenses related to child care now account for up to a fifth of a family’s income.

Children sit in a classroom at the Bethel Day Care Center in Brooklyn, New York, on June 14, 2012. Benjamin Chasteen/The Epoch Times

Child care costs in the United States increased nearly twice as fast as overall inflation over the past three decades, according to a recent report by accounting firm KPMG.

“The childcare crisis, which was simmering prior to the pandemic, has come to a boil,” the May 28 report says. “A baseline estimate of childcare affordability is when the cost comprises up to 7 percent of family household income. Today, childcare costs are often in the 10-20 percent range.”