The high price of parenting

Childcare wasn’t precisely low-cost or straightforward to seek out earlier than March 2020, however 72% of dad and mom say that it’s dearer in 2021 as a result of pandemic, in keeping with an evaluation by Plus, one-third of childcare facilities have but to reopen. Dad and mom—and mothers particularly—have been compelled to take a step again or go away the workforce solely. To attempt to restrict the fallout, some firms are enhancing advantages, providing staff backup care, tutoring reimbursement, and even on-site childcare.

Sources: survey “This Is How A lot Little one Care Prices in 2021”; and LifeCare’s The Future of Advantages report; “Safely Again to College After Coronavirus Closures,” McKinsey & Firm; McKinsey American Alternative Survey