High childcare costs in America weigh on women’s employment

Quick Summary:

Rising childcare costs in the United States are forcing many parents, often mothers, to work fewer hours or none at all – fuelling concern among voters who feel the pinch in today’s economy.

About 60% of households spend 20% or more of their income on childcare, according to a survey by online marketplace Care.com.

While the labour force participation rate for women aged 25 to 54 has returned to 2019 levels after plunging during the Covid-19 crisis, government data show this is still lower than the rate for men.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaCanadaFranceNew ZealandPhilippinesUnited States

Topics: MothersInWorkforce FamilyExpenses USChildcare Economy /Business/Business News WorkforceParticipation RisingCosts ChildcareCrisis AffordableChildcare EconomicInequality

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-04 @ 00:00:00 (9 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 559 words

Reading Time: 4 minutes read

Sentences: 22 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 22870375

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

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Year Established: 1971

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Publisher ID: #22

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