Most families have experienced a quite a big shock when they have realized how significant are the costs which support child care. For parents who have limited resources, this could be a massive financial stress. A recent report from NPR, the Harvard T.H. Chan School of Public Health and the Robert Wood Johnson Foundation has stated that high expenses for child care are the biggest challenge which every family tries to combat.
The study analyzed 1,120 child caregivers of parents who took care of 5-year-old children or younger babies who were not yet going to kindergarten. Gillian Steel Fisher, the academic leader of the survey, research scientist and deputy director of the Harvard Opinion Research Program, has stated that costs regarding child care are always increasing.
It is also very tough for parents to find a trustworthy person who will take good care of your baby. The expenses are overwhelming the family budget, especially for those families who do not benefit from stable finances.
A good example would be a family like Bauers. Patricia Bauer and her husband have two little boys together. One of them is 3, and the other one has only one year of age. Merrick, the second son, is involved in a home care program, whereas Darcy, the older brother, has a schedule designed as preschool.
Patricia is an educational trainer and her husband works in the media. Before having the kids, they were considering themselves to pertain to the middle class. But now, with all these expenses, they can hold breath barely. Patricia’s whole income is monthly spent on preschool and day care costs.
After they run their errands, pay for the groceries, gas and other utilities, the budget of the family is pushed to the limits. She complains about the fact that they did not save any money for emergency situations. If something happens to them, they have no other resources which could cover the expenses.
It is very stressful and disappointing to see that after all your hard work, you can barely afford some small luxuries, and those happen with great effort. It is tough to see that all you gain is spent on bills, your kids’ education, and bare necessities. It is tough to raise money for an unexpected situation that could occur.
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