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Why Daycare Is So Expensive In America


We are depleting
our savings dramatically. We take $10,000 a month out of savings, sell our stocks, whatever my financial adviser does. I don’t actually even know because I
don’t want to know because it makes me ill to think about, because I had a
good nest egg to buy a house at one point in life and now it’s paying for daycare. So, what’s a typical day
in the Rosler home? I’m usually the first one up and out
of bed, usually, with the cat, shower, make coffee, try and catch some news
on the TV before these guys start waking up. I usually go in around 6:30 and then
what you see now is generally the chaos that ensues. Yeah.
Yeah? Alright, hop down. Let’s wash our hands. Alright, I got to put you down so I can wash hands. Okay? (crying) Wait, Nathan, he’s going to pass out. I need your help here. Come here. Come here. I need help. She’s stuck on you? Yep. (crying) That’s very helpful. Thank you. Ready? Yes. Alright, let’s go. Cool Not bye bye. We’re all going in together. OK. Bye-bye. Uh. Still here. Hello. So I pay about $5,000 a month
for child care for the three children, which is insane. Nathan makes $100,000, after taxes that’s $65,000, and rent is $5,000 a month. So we don’t have that money. (singing) ” Ring around the Rosie” It’s really expensive to raise
a child in America. It costs more to send your kid to this daycare than it does to go to college just four blocks away. Child care costs are different from state
to state, even county to county. Overall, the cost of child care has roughly tripled since 1990, which is more than the overall rate of inflation. Today, it’s a multibillion-dollar business. And it feels like almost everyone is struggling to keep up. (singing) “E-I-E-I-O” Whether you live in Kansas, whether you
live in Missouri, whether you live in California or New York, the cost of
care is often beyond that which families can afford. It causes a lot of stress. Except for public education, almost every form of social service, social policy, has been privatized. Child care centers can’t afford to provide
it and families can’t afford to pay for it. The money will run out in the next
of couple of months and at that point I actually, have absolutely no idea
what we’re going to do. We’re not investing in the well-being and the development of the brains of our children and that’s sinful. The cost of child care is generally paid for by a combination of the government, parents and child care providers. In other countries like Denmark and
Sweden, the government foots most of the bill. In the U.S., the cost falls mostly
on parents and providers. To try and make sense
of how we got here, I called Sonya Michel, an expert
on America’s child care policy history. A lot of other countries have different
rationales for why they have child care, gender equity, preparing children
for school, boosting the economy, whatever. The U.S. to a great extent does not subscribe to those rationales. The issue of child care in America
has been around since the beginning of America itself. Native Americans carried their babies in
woven slings, colonial women put them in standing stools to keep
them from falling into fireplaces and African-American mothers sang white babies to sleep while their own children comforted themselves. In the 19th century, the answer
to who looked after your children generally came down to how
much money you had. There was this ideal of maternal care and
the woman in the home, the angel in the house. There were all these images that were used that some historians called the cult of domesticity. And so the ideal was that women would
stay home to take care of their kids. But that was an ideal that
really only middle class women were able to attain. Working class women, even if they had
a male breadwinner, the husband, the male could not generate enough income
to support the whole family. And so women had to work as well. And so then there was the dilemma
what to do with the kids. Since there was nowhere
to bring the kids, they would sometimes join their parents
at work, oftentimes in dangerous conditions at mines, cotton
mills, factories and farms. There was not even mandatory school
attendance until the late 19th century so kids could work and there
was no legal impediment to that. There was a mix of formal and
informal day nurseries run as charities. We’ve got something in this town that
every American town will soon have to have, a day nursery where working mothers
can leave their children to be cared for while they’re on the job. Although some people call the children
eight hour orphans, they arrive at the nursery as early as 6:00 in the morning and don’t leave until their parents get back from work. It wasn’t this kind of
feminist notion that we’re going to provide child care so women can enter
the labor force on an equal footing with men. From there, widow’s or mother’s pensions were born. A stipend was given to women who lost their male breadwinner because he was injured in a factory or died. So this was just the opposite of child care. Instead of supporting women so they could
go into the labor force, the government said we’re going to support women
so they could stay at home. But when World War II came,
the government started recruiting women to work in factories as the
men went out to war. On the production line, Rosie the Riveter
steps in when the draftees step out. American girls fill 105 millimeter shells
with a nonchalance of tea party. TNT. From 1940 to 1945, the total women in the workforce rose nearly 30 percent. And they very brilliantly realized that if women had children something had to be done for the children. So this was the first and only time that the American government at the federal level said OK we have to support child care. Essentially, the U.S. was the closest it had ever been to having universal child care. An amendment to the Lanham Act gave
families access to child care six days a week, including summers and holidays. And families only had to pay roughly
$10 a day in today’s dollars. But once the war ended and the men went back to work, government funding dried up and a lot of centers closed. In 1965, the Johnson administration
launched Project Head Start, a comprehensive child development program
as part of the president’s war on poverty. A head start for poverty’s children. In 1971, President Nixon vetoed a child
care plan saying it would weaken the role of family. Both of these women in Los Angeles are on welfare, aid to families with dependent children. In the 80s, government funding fell again with a public backlash against the idea of welfare for low income women. These are all programs President Reagan says
he wants to cut or tighten. We will tighten welfare. I thought welfare was already tight. Today the government covers less of the
childcare burden than it did in the 40s. But that’s not to say Uncle Sam
is completely out of the picture. The Head Start program is still
standing and provides roughly $9 billion in grants to community-based non-profits,
schools and health care centers. Even so, parents across the income
spectrum are struggling to balance their budgets with the cost of child care. There’s this butterfly dress or you have
this shirt that has buggies on it. So for years I was very good at
savings and always put money away every month, every week, every opportunity. Are you trying to hold Jory’s hand? The
money will run out in the next couple of months. And at that point, I actually have absolutely
no idea what we’re going to do A 2011 Census study found that on average families were spending seven percent of their income on child care. The Department of Health and Human Services used that data to recommend people not spend more than that. But if you look at how things
actually play out across the country today, there’s not a single state where the
cost of sending a toddler to a licensed child care center averages
out to actually meet that recommendation. For single parents, it’s even worse, creeping up to 65 percent of their median income depending on where they live. HHS said it’s considering updating its
recommendation with a more nuanced approach. Those families who don’t pay for child
care save money by either staying home or having family and
friends step in to babysit. I talked with Naome, a single mom
in South Orange, NJ about what it’s been like to try and make ends meet while paying for child care for her two youngest sons. Child care to me, partially, is amazing
and wonderful and I found the perfect situation for my family and
for my children for their development. And also it makes me physically ill because I have three children to the tune of $2,100 per child and we don’t bring in over $100,000 for a year. So we don’t even cover the cost of what it is for child care and half of our rent. I wanted to see if money really could
buy you peace of mind when it comes to child care. So I went to the
Manhattan office for Homefront Staffing. It’s an agency that places nannies,
butlers and chauffeurs for high income New Yorkers. Top firm lawyers and investment bankers, it’s still a struggle. I mean I definitely think if you have more money that there are more options without a doubt available to you. It’s still like the bottom line, what do you have left over after you pay for everything at the end of the month? Child care isn’t just an
issue to families bottom line. That stress can pile up
at the office too. Naome currently works at a university but she said in previous jobs if she called out sick she didn’t get paid. Even if they’re paid, like I said, a good salary and these are big corporations, they have a lack of performance at work. They’re stressed out, they’re going to
human resources saying like, what can you do for me? Do you have backup child care? My nanny called in sick. What do you do when your nanny calls
in sick and you have a child? Parents need to get their names on lists like before their child’s even born. And it’s a lottery to get in. I applied when I was three months
pregnant and there was a waitlist, which is shocking and bizarre but we’re in
New York City and I think that’s actually pretty typical. Today there are three
main types of child care. Non-profit like programs run by the YMCA, for-profit like Bright Horizons and government run like Head Start or Pre-K. All of this doesn’t even get into the market of private caregivers like nannies and au pairs. Most of the programs in the U.S. are privatized and those centers serve a lot of kids. The cost of care for child care really
is within the individuals who do the caring. The teachers and the nurturers
and the caretakers for those young children. Critically important individuals are expensive. It’s a very labor-driven industry. Licensed child care classrooms require a
specific ratio of kids to teachers. In New York, it’s one teacher for every four infants with a maximum group size of eight. As the kids get a little
older, the class sizes get bigger. HHS has this tool that you can use to estimate the cost to run a child care center in different states. After factoring in salary costs, benefits
and other non-personnel expenses, and revenues from subsidies and
tuition, their theoretical child care center came out with just
$2,537 in net revenue. I talked to one child care provider who
said it’s a good year if she just breaks even. I wanted to see one of these daycares in action. I found a place in New Jersey called Work and Play. It’s kind of like a WeWork meets daycare. Parents can work on the ground floor
and enroll their kids in the child care center downstairs. And it’s a different model than
most centers that charge tuition. Here, parents pay $15 an hour
for the times they do need. So if you just need care Mondays 9 to 1, you commit for a three-month session and only pay for those set times. As a business owner, I can see why it’s so expensive. You know, once you’re paying a salary there’s also payroll costs on top of that. And then there’s, you know, the facility costs, the heat, the electricity, the Wi-Fi, everything that you need. You also want to pay your teachers
well because, you know, it’s important. They’re just people trying to make
their life work as well. The median pay for child care workers in the U.S. in 2018 was $23,000 a year or $11.17 an hour. That’s slightly less than animal caretakers
like pet sitters and groomers. The childcare providers really feel that they cannot survive on the low salaries and the long hours. So you will see a high turnover rate. I talked with a lot of families who needed child care and most of their needs came down to three main things. Safety, quality and affordability. It’s not just urban centers
that are feeling the squeeze. The demand for child care is way higher than the supply all across the country. More than half of Americans live
in what’s called a child care desert. We did a study a couple of years ago
and we found there was space for only 27 percent of those children likely to need care. That’s a really low number where we don’t know where the rest of those children are being cared for. So it’s a huge concern for us. Some of those families who can’t get
licensed care may turn to unlicensed centers that are typically cheaper
but aren’t always safe. In some cases, it’s life or death. Barbara Bowman has been working in
child care since the 50s. She led early childhood education at Chicago Public Schools for eight years and spent some time consulting the U.S. Secretary of Education in 2008. I asked her what she saw as the biggest
hurdle to getting things done in Washington. Federal child care funding in the U.S. has been in this perpetual ebb and flow in response to cultural values. Today we’re facing record numbers
of women in the workforce. And for many Americans, the prospect of having a child means you have to decide whether or not it’s worth it to go back to work. If you don’t have access to the high
quality care, you know, you may see women having to stay home and take care of their children because they have no other options. Some clients have given up their jobs
because it doesn’t make sense for them to work anymore because all the money they’re paying is going to their child care. In Estonia, mothers are entitled to more than two and a half years of paid leave. But even in one of the most progressive countries for parental leave there’s still a pretty big gender disparity. Fathers in Estonia are only
entitled to two weeks. Meanwhile, the U.S. is the only developed country where neither mothers or fathers are entitled to any paid parental leave. That absence of federal legislation has resulted in a lack of access for working parents. In 2017, only 15 percent of American
workers had access to paid family leave. There are some states that have
taken paid leave into their own hands. As of May 2019, at least
five states had their own paid family leave laws. Of course, there are federal subsidies
for some families who can’t afford child care. But there are a lot of people who qualify but don’t actually get the vouchers. That’s in part because some parents
just don’t apply. Either because they don’t know about them or find the application process too daunting. In 2018, President Trump added an additional $5.8 billion in discretionary spending over two years to the Child Care and Development Block Grant. You can also write off up to $3,000 dollars in child care expenses from your taxes for one child. Up to $6,000 for two or more. The benefit you get from that write off depends on your income. Altogether, Americans claimed $3.6 billion in child care credit in tax year 2016. Compared to some other tax credits that cost more than $100 billion a year, the tax break for child care is pretty minimal. I mean, there is a child care tax dependent credit you get. It covers nothing, it’s like maybe two to three thousand dollars a year. There needs to be something that either you get a credit for having a caregiver in your home, much more than $3,000, that you know you can write off on your tax return. Or the corporations should have
other options when they’re hiring employees. So, money can buy you more options. But it seems like parents all across the income spectrum are stressed about the cost of child care. And politicians in Washington are
starting to take notice. That’s why I’m proposing
a big structural change. Universal high-quality child care and
early education for our littlest ones. It is un-American. We should be the number one nation for investing in children, investing in child well-being. The cost of raising a family… Ivanka Trump has pushed the
issue in the White House. It is a priority of this administration and it is a legislative priority to ensure that American families can thrive. President Trump included a measure in the 2020 budget proposal that would give new parents at least six weeks paid leave. And Democrats have put forward their own
paid leave proposal with the FAMILY Act. Republican senators Marco Rubio and Mitt Romney have put forward a paid family leave bill. It would let parents pull up to three months of their Social Security benefits to help cover leave after having a child. But as of early May 2019, neither
proposal has made it through Congress. And while these proposals
would help families with newborns, they don’t change much about the struggles of paying for child care for toddlers before they go to kindergarten. One Democratic proposal would try and address this by upping the child tax credit to $3,600 a year for families with young children. That would be spread out
over $300 a month. And on the heels of his universal Pre-K, New York City Mayor Bill de Blasio is rolling out 3-K for All, an effort to give three-year-olds in low-income neighborhoods access to free, all-day early childhood education. The program is currently up and
running in 12 districts across New York. On a smaller scale, Jamie’s talking with companies to see how they can make their corporate culture better for parents. There is definitely still a disconnect, I would say, between top management and human resources and just making it a priority. There’s no one solution, it is going to have to be a combination of solutions to help address this issue. Some people are tackling it by
adapting to the changing workforce. A lot of times the jobs that low wage workers have are on different hours that don’t match what the child care centers have. So they’re not typical 9 to 5 jobs. So that puts an additional challenge
on finding available child care. There are a whole lot more independent contractors now than there were 10 years ago. And statistics show that that number is
just going to be going up. They might not need five days a week of 8 a.m. to 7 p.m. child care anymore. She won’t let me pull her socks up. Marley and Jory were just holding hands with each other. Stop it. Awww. Let’s go. Let’s go see them. Come on kiddo. There’s nothing cheap or affordable. You do what you have to do for your
children and you want them to have the best possible early childhood experience
and entire life experience. And so once you’re a parent, doesn’t matter what you have, what you make, what you do. It’s all for them. And that’s where we are.

Stephen Childs

100 Comments

  1. I stayed home with my son for 18months then got a part time job in late evening my family would watch him or I’d work opposite shift from my partner if I had to. I also did a few nanny jobs why can’t they just hire a nanny?

  2. I worked in childcare for 8 years in Michigan and only worked my way up to 10.75 an hr. I recieved a .25 cent raise every year. My check was barely $300 a week with mandatory breaks taken out. Once I had my first child, it made more sense to stay home, save on gas, save on insurance for an extra car and take care of my daughter at home. When you work in childcare you will not make enough to send your own child to daycare to keep your job. I felt I never made enough at my job but I had a real passion for it so I stayed until I couldn't. The issue still stands that caregivers are very underpaid and yet most families can't afford the cost..

  3. I live in Tennessee. I'm a single mother with no child support. Because of the state's laws it is not only made it hard for me to get child support from my youngest son's dad but to even go through court with visitation and who has rights and custody of him. I am not happy about the way the system treats me and my son. No one wanted my son but me until he was over a year old and now the court is letting my son's dad have more say so when our relationship ended in domestic violence while I was pregnant and my son was showing up with scratches and bruises and screaming to not go with his dad but you know apparently the system is supposed to be just and right but it is not. When it comes to help with daycare they have a voucher program and it is not easy to deal with. I am trying to put my son into daycare in order to go to work but in order to do that if I don't already have a job I have to volunteer or look for a job for 30 hours and even if I've already found a job and start the job within a week I still have to volunteer those 30 hours instead of preparing my son for daycare and preparing myself for work. When I first got this program going everything worked out fine and I had my son in a daycare but because he was sick and missed one day the daycare decided to drop him and I was told through the people that are in charge over the voucher that they could do nothing about it and I had to start the entire process back over while still having trouble finding daycare because most daycares either, A: Don't take my son's age or B: Are to full and there is very few daycares that will take the voucher.

  4. How dare people suggest that she should stay home with the kids!?
    She's a strong, independent woman with more important things to do than care for her own kids!!!!

  5. Why only interview people who are paying 2k a month per kid are you kidding me

  6. Taking care of children is hard work. Daycare workers are underpaid just as teachers are. Why aren’t citizens that are fighting so hard for illegal aliens to get a free ride in this country, use that effort to get subsidies for daycare? We need to take care of our children before we worry about others from countries that are already given our tax dollars.

  7. Everyone is complaining about the family in this video! Maybe you wouldn't make the same choices as these people, but that doesn't mean you have to be so rude towards them!

  8. The moral of this story is that America used to be a place where people could earn a living, have lots of children and still buy a house. But times have changed.
    This couple chose to have three kids. If you know as a society in general, we are having a massive depletion in resources, why on earth would you populate the world with more people, and then complain about not having enough money?

  9. My boyfriends sister has "solved" this problem by pawning her kids off to her parents house all week. Her parents were close to divorcing because of it.

  10. $5,000 rent & $5,000 child care – you have already exceeded the monthly income for most people. That's not even covering food, insurance, utilities, etc

  11. So I’m a child care provider, if you are actually struggling and need child care many franchise daycares have vouchers for families in need, or just stay home with your kids or use bc till you can afford children?

  12. They charged us must a daycare because they know they have the parents in a bind and they have to pay it if they want to work it seems like one of them should stay at home and keep all those children all use birth control and stop having them since you Louis expensive and you have no choice

  13. $5000.00 FOR RENT!!!!! Wtf! MOVE!!!! Why did you leave a paying job for a start up non paying job? Mind baffling.
    If you can't afford kids stop having them – condoms are way cheaper than daycare.

  14. Why are they interviewing this family? The solution is literally in under their noses

  15. Maybe some of the people on the video don't realize they DO qualify for subsidized childcare. For example, in most states the family will qualify for childcare subsidies even if they make over $50,000 per year in income. Check this web site for info in your state: https://singlemotherguide.com/state-child-care-assistance/ The web site is for single mothers but I believe even families with 2 parents are covered depending on income. Sadly, these programs do encourage women to remain unmarried so they can get the government money without counting the income of the father. Even someone in our own family did that.

  16. So the family lives in an expensive $5,000 a month apartment when they should have lived in a place more affortable. The wife can easily stay at home and take care of her kids instead of paying for daycare. Stop the video at 17:58 and you will see that Naomi is wearing a Louis Vutton bag. Those bags are $2,000. Looks like these people have money but rather complain about the cost of childcare!

  17. 3 kids is way too many for NYC.. I am serious. I am in neighboring NJ and have 1 kid and can’t imagine having more.. kids will bankrupt u for real

  18. 3 kids and they still want to use childcare? That's a lifestyle choice.
    Consider 1 carer = 4 child ratio, most of one wage will have to go towards paying for childcare after tax. That's outsourcing caring of your children in exchange for a paying job.
    An affordability choice is whether to have 3 kids or not at the quality level of child raising expected.

  19. Wooow i can barely afford my life let alone a child. Before having children think of income. Its not what they tell you. Its tough having children

  20. 😂😂😂 imagine male 40,000 a year with 900 rent and pay the same price in child care…. awww poor wealthy ppl paying $5000 in rent

  21. There's one foolproof way to keep childcare costs down – don't have kids.

  22. Try Singapore, I pay 1.3k a month for my 20 months old Daughter to be placed in pre-school from 8:30am to 4:30pm.

  23. In Denmark the price may be good for child care but the care itself has turned out to be terrible sadly
    it’s kind of a crisis but there is alot of focus on in the politics right now

  24. So lucky to have subsidised childcare and paid parental leave, here in Australia. As a parents of 7, with both parents working and studying full-time, we would have never survived in America. We pay slightly more tax but we have no out of pocket expenses, in healthcare, daycare, education or pharmacy.

  25. Got my tubes tied at age 38. They asked me 200 times if I was sure. 200 times I thought about how much daycare and diapers cost, and emphatically nodded yes. The family unit is dead.

  26. I was born and raised in NY, I know it’s expensive but what that family is doing is 100% a CHOICE. Move, pick a different center, most people don’t even make $5000 a month to spend on rent or childcare let alone $10000 on both! Crazy.

  27. My mom had a career and she never paid for preschool, instead she would use the money to hire a nanny. She always hired single moms or women who had young children and allowed them to bring their kids so they wouldn't have to pay for daycare. $5000 a month can be the income for a whole another family

  28. Why would you have 3 kids if it costs that much? That's why I only had one and stayed home. It cost more to go to work. I think they both work just to get away from the kids.

  29. Why is it that people never want to pay at least minimum wage to people who will be caring for their most valuable possession

  30. I used to work at a daycare and I remember seeing how much it cost is for a parent to actually just put their kid through the toddler section like this is from 16mo. to 3 and I was like holy cow that's per week and then the other question that I ask myself was if this is how much that they're paying and then I looked at the toys and then I looked at myself because I wasn't seeing any of that money and the toys we didn't get new toys. toys were falling apart I was literally taping them back together. it's sad that parents have to pay this much for daycare and there was really nothing to show for it at lest from where I worked.

  31. You can’t make a blanket statement that all of America has daycare that costs too much. Two of my kids go to a daycare that I love and trust and it is $1,200 per month. This is not an in-home daycare. I think that is a reasonable cost. I am sure that prices can vary completely depending on the state and the cost of living.

  32. I work at dance studio teaching young children and in my biggest class I have 15 3-5 year olds and it is very stressful and that is for an hour twice a week. My friends who work as pre-school teachers feel that stress all day 5 days a week

  33. I live in NYC. You could literally get a 2 bedroom apartment for 2k maybe even less and day care for alot less then 5k.

  34. If you can't afford kids…maybe like….don't have kids. Much of this could have been prevented if they had just done some basic research before choosing to have them. Kids are the biggest commitment there is and these people seem like they went with no clue. People put more thought into what car they're going to buy, I swear. Tsk, tsk.

  35. She pays 5000 a month for daycare. Most americans dont make 5000 a month

  36. When I was a child they were legally allowed to care for 33 children per adult any aged child/ baby.They could charge 2.00 collars a hr per child an still turn a profit an stay cheep.An feed your kid.

  37. I don't have kids for a great reason.Now you know why I never wanted them.

  38. I don’t feel sorry at all. That’s what they get for no planning accordingly before bringing a child to the world.

  39. I'm sorry but if you know that you cannot afford your apartment, daycare, etc. why did she leave her job and is not taking a salary. Why is she not watching her kids and saving they daycare money?! Like I'm so confused.

  40. 3-k why only in some neighborhood ??so sick of it. like all others a millionaires

  41. You have to be reminded America is a unique country which is why I've got to pull people cuz it is a capitalistic mentality where every man for himself that's what America is about and that's why all the costs you do and can you buy is on you unlike other countries where they help you America does not help nobody you're on your own in America this is why I look on the table I will do what I can to keep money in my pocket…

  42. Here's a sort of life hack for those that might need to be free of the kids for a little while, like to go on a date, go shopping, etc.

    During the summer months, a lot of churches have something called Vacation Bible School or VBS. Some even have it at other times of the year. Schedules vary, but usually it's a few hours in the late afternoon/early evening on weekdays, like from 5 pm to 8 pm or 6 to 9. Sometimes a weekend day will be included also and that day's schedule could be anything. They'll often feed the kids one meal, which might be something fairly nice like a full meal or something basic like chicken salad sandwiches and potato chips. Obviously if your kid has food allergies, you need to take precautions.

    But here's what's cool about it. Most of the time, the various churches try not to schedule their VBS for the same time slots so pretty much every week of the entire summer, some church or churches are having VBS. If you do your research in advance and work out the summer schedule for various churches, you can pretty much keep your kids in VBS all summer.

    Or, more realistically, let's say you don't want to leave them there for the entire thing, but you need to get some shopping done or go watch a movie with your spouse. Find a VBS that fits your time slot. Show up a little early or contact them the day before because you may have to do some registration stuff. Ideally you would plan far enough ahead to register your child before the thing even starts, even if you only intend to leave them there for a single evening. For legal reasons, they will need a way to contact you in an emergency, so you'll likely need to give them a cell phone number. I've never heard of that information being misused, but I suppose it's possible. Usually you can drop the kid off a little early (let's say 30 minutes early) and pick them up a little late (maybe 30 minutes tops), but don't expect anymore than that.

  43. CNBC we expect real life stories from you which majority of the people in the country ACTUALLY face every day.

  44. I’ve heard people say daycare just eats up their paychecks. Like why even have kids if you can’t acquire wealth and save because you are always dishing out money to daycare? Ummm no thanks. I’m good. If I can’t stay home with them. Why even have them?

  45. Nothing for Child Care in American Government Policy..Should be implement immediate ….
    It's an Order..

  46. Childcare is expensive as hell. I'm so glad that my two kids are school age. I no longer have to pay for childcare.

  47. I agree that childcare is expensive. I have two kids that was in day care one was an infant and one in grade school and both my spouse and I make good money but apparently not enough to pay childcare. After a few years we had to stop childcare as it was getting too expensive. I really liked the childcare center we sent our kids too but what sucks is that if your child is sick you already paid the center and you lose income for that day by staying home and if you dont have enough PTO to cover the wage loss.

  48. are you kidding me why are you interviewing people that makes 100000$ at years what about people that only makes 20000$ or even 40000 ?? interview real working people

  49. That couple made the choice to have more than one child meaning 3 dependents under one income was something they thought they could easily handle and then they had 2 more! They aren’t an uneducated family. They could make better choices. It’s really unrealistic for them to be living in such an expensive area with only one income. Especially when there are no outright local benefits!

    They’re family is too young to take advantage of quality public schools which aren’t common in highly populated cities in the first place. They don’t save on transportation because they have to transport children. And they pay ridiculous rent so the father can be close to his Nonprofit job?! And yet they have a financial advisor.

    Their nest egg is gone because they put the children before the home. The first mistake was having a child with only one income. The next mistake was not adjusting to accommodate that child. Then they had 2 more! They should have re-evaluated and found better accommodations and new jobs. They have no room to complain, they are sitting in the water and watching it drain. If they were even remotely financially responsible, they would have expenses available to cut. How do you think you can feed 5 people with 5k a month when the daycare is 5k a kid per month! She needs to work from home.

  50. Why is daycare so expensive but the classroom teachers make minimum wages??

  51. The entire video, including the title, needs to replace the work “America” with “Manhattan”. It is not THAT expensive to raise kids in America, move to Mississippi, damn.

  52. What about the real struggling family who can’t even afford half of what they can afford on rent only. Also let’s not forget all the single mothers out there. Take this video down because y’all interview the wrong people. About time y’all pay more attention to us who are for real struggling unlike these people who got the money but still complain.

  53. Did she just say she spends 10,000 a month on only rent and childcare x.x

  54. This is why my husband and I only have one child!! We pay $1220 a month and that’s the standard in the area where we live.

  55. We are beyond blessed! We used to pay for babysitters but our kids weren’t even well taken care off, they were skinny and scared when we drop them off so my husband sacrificed to leave his job and he got hired as a security at our apartment complex and we don’t pay rent anymore and no more sitter either because he works 9pm to 5am and I work daytime, so we alternate watching our girls.. They’re now healthier than ever and happier too!

  56. I literally cant even. My husband and I decided i would stay home after our some and work from home with my business. Staying home with your children is not a lesser job. We live off 45-50k a year. Cut costs sacrifice and try to do what you can. I made 30k a year before and thats money would go straight to daycare for quality care. Someone else would raise my son and i just could not. She is literally spending more than we make in a year on just surviving for 6 months for no reason 😑 just stay home lol

  57. My god CNBC, what was going through your heads when you picked this couple? You know there are people that are struggling out there and it's not self induced right? This couple is spending recklessly outside their means, try raising a kid on what they pay for one child's care, much more people are in that situation than what this couple is facing.

  58. Stop giving money to Israel stop fighting endless wars in the middle east and maybe we will have money for the important things back home

  59. So wait…we’re supposed to feel sorry for someone that makes 100k a year??? Lmao…go to hell

  60. The problem is you guys are living in Democratic states I used to pay so much money in New York I left to Florida best decision in my life these Democrats are going to ruin everything for us

  61. Their scroller looks more expensive then my dam car, these people look smart enough to make better financial decisions

  62. alternatively, people could take a more pragmatic approach to family planning. crunch the numbers and make an informed decision about how many children you can actually afford to have. if you simply MUST have more than one child (ecologically irresponsible, but ok), then space them out so that you're only paying for the care of one at a time

  63. I bet it be cheaper for that family to hire a Mexican grandma as their nanny and the kids would be bilingual

  64. She complains about the cost and at the same time she quit her job and is pay 5000 dollars a month to live in Manhattan 🤦‍♂️

  65. Wow. How did y’all gentrify the struggle? Like can poor people at least own poverty? I’m so mad this even popped up in my recommendations.

  66. She could stay home with the children and they wouldn;t be going bankrupt… wow problem solved.

  67. This video is so bizarre. My sister-in-law is a stay at home mom and her husband is a children’s pastor in a local church. They definitely don’t make as much as this couple makes but they budget their money well and live within their means. And still live a very happy life. If you can’t afford your $5000 a month rent then you probably shouldn’t live there.

  68. It’s expensive to raise a child in Manhattan, New York! Boy I tell you the media manipulation. Anybody with real sense would look at this and go, “Oh. They choose this financial suffering because they want to live in Manhattan.” Get real CNBC.

  69. So people don’t take childcare cost into consideration when planning for a family? She had 3 kids when she can barely afford childcare for 2🙄

  70. Weird people. The wife has a 0$ income. Stupid lady should just stay home save 60k per year. It's just lazy to waste 5k per month for child care when you already have over half a million in savings. They choose to risk their future financial options to not have to care about their children during the work week.

  71. I pay $700 a month in childcare for 1 infant. Own my home, so mortgage payment is $800 per month. Whats taking all my funds is paying my student loans….its bonkers! I agree with the other commenters… that family of 5 needs to move to a less expensive neighborhood, and the mom should take care of the kids full-time.

  72. It costs more because of the demand. Women no longer want to take care of their kids. A lot actually don't want to have kids until they do and the kids will be left with … Ipads and if lucky, grandparents. One parent got to stay at home aka getting a job that can be done from home, just NOT multi-marketing. Sacrifice is needed otherwise don't have kids. FYI, government programs won't be there for long. Note on this video, you can't afford it then move somewhere else; you can't complaint if you make all the wrong choices. In general, people need to think and pick a city other than NYC, LA, and SF.

  73. this video is disgusting, just some rich jewish supremacist trash whining after already making money only due to their race-based connections, grossest thing I've seen all month

  74. First 10 minutes is a waste of time, best to skip to 11:30 where there is some substantive discussion about the overall situation

  75. Full-time daycare usually cost about $1000 more or less depending on where you live. If you break it down by hourly rate though they only get paid about five dollars an hour which isn’t that much. Your best bet is to try your absolute best to change your schedule so you can be at home with your kids more so maybe you can put them in daycare part time.

  76. Lets show how this family making more than a 100k a year in Manhattan cant pay for child care. Great representation of the average American family. I made 1 minute and 28 seconds before I paused it to write this. Funny thing is, they could move almost anywhere else and would be completely fine.

  77. More people can afford to become stay at home moms and actually raise there children they just don’t want to give up luxuries and personal comforts not willing to downsize there houses or cars , take less vacations,

  78. So the woman doesn't have a job, but needs someone else to take care of her children? I don't get it. Prove that she can do both be a busineswoman and take of her children or just get a job in which case it would be necesary to pay for daycare. This example does not help to demonstrate what the video is about. Plus that rent is way too high for money that you don't make or have.

  79. Hence, im not having kids till i know i can afford them. People need to understand that unfortunately in this day and age having kids is a luxury.

  80. Families can’t afford child care…Childcare workers aren’t paid enough. There’s something VERY WRONG here. I am a childcare worker who makes barely above minimum wage.

  81. It’s easy for some to say move somewhere cheaper, but what if the dads job is only in the one city and can’t relocate or take a pay cut. Maybe the rent is cheaper than buying a car and the services and taxes involved with one.

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