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News@lemmy.world · 5 days ago

A two-child household must earn $400,000 a year for childcare to be affordable, study says. ‘It’s easy to see why birth rates are falling’

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A two-child household must earn $400,000 a year for childcare to be affordable, study says. ‘It’s easy to see why birth rates are falling’

return2ozma@lemmy.world to

News@lemmy.world · 5 days ago

A two-child household must earn $400,000 a year for childcare to be affordable, study says. 'It’s easy to see why birth rates are falling' | Fortune

“Most parents could tell you that childcare costs are astronomical these days and can cause a major financial burden, even for high-income families.”

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You were still relatively close to the gold standard at that point, so housing was still affordable.

Look at median income to 3+ bedroom home values now.

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