Child care costs slam younger parents? Demand outstrips supply as prices rise faster than inflation

WASHINGTON – It’s not the cost of diapers or even future college tuition that’s rattling Amber Sparks. “We basically had to remake our entire budget around day care,” said Sparks, 37, whose 3-month old daughter began attending child care this month when Sparks returned to work for a labor union in Washington. “We’ll eat out a lot less, and have a lot less discretionary spending. We live in an apartment building, and I don’t think there’s any way we’d be able to afford a home and pay for day care and pay for student loans.”

By JGBusiness

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