Childcare costs almost equal to cost of college

Nov 30, 2012

For the many parents socking money away for college this might be some bad news: sending your newborn child to daycare will cost roughly the same as sending your 18 year-old to college.

So says a report by Child Care Aware of America, a program that links parents to childcare providers across the nation.

Here are some key findings from the report:

These numbers surprised me so I decided to do some additional research. Here's what I found:

Many leaders have acknowledged the importance of early education and childcare for the country's most vulnerable children. But with costs at such staggering levels, many families in poverty could find it increasingly difficult to pay for such care.