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Childcare costs continue to rise. Can anyone afford to keep up?
Families are missing work and turning down aid as childcare bills rise faster than wages, researchers and parents say.
Rising childcare expenses have surged nearly 30% over five years, leaving families like New York City resident Diana Christopher spending about $26,000 annually for care despite dual incomes.
An Ipsos survey found 82% of parents say raising children has "gotten out of control," while economist Diogo Costa notes these expenses often rival mortgage payments amid broader affordability pressures.
Even families with six-figure incomes, including St. Louis mother Kyra Betts, find finances "not as comfortable as I would like it to be" due to childcare and living costs combined.
Eligibility shifts in October impacted more than 900 families and 1,500 children, including Azteca Druce Valerio-Bedolla, after the state reduced assistance caps from 85% to 65% of median income.
While New York City expands universal childcare programs, reaching universal status will take several more years, leaving affordable care a "pipe dream" for millions of families nationwide.