Child Care Costs Are Skyrocketing Around the World
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Soaring prices are driving women out of the workforce and depriving countries of billions a year in lost labor
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Published Jan 27, 2024 • 12 minute read
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(Bloomberg) — Around the world, rising inflation is pushing child care costs up to unprecedented levels. Average day care fees went up 6% in 2023 from the previous year, according to mobility company ECA International, while in the US, costs jumped by 9%. Reversing this trend is key to pulling economies out of recession, promoting growth and creating more equitable societies, but so far, many governments have done little to relieve the financial burdens facing parents of young children.
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Bloomberg News
2024-01-27 20:09:41
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