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Childcare Costs Outpacing Inflation Drive Women Out of Labor Force
Childcare Costs Outpacing Inflation Drive Women Out of Labor Force
23
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BTCCSquare news:
Daycare prices surged 5.2% year-over-year in September—nearly double the overall inflation rate of 3%. The Bank of America report highlights a troubling trend: families, particularly mothers, are exiting the workforce to avoid crippling childcare expenses. For some households, caring for one child now costs more than monthly rent or even exceeds public college tuition by $1,800 annually.
This marks the first rise in female labor force attrition since 2021, with the Department of Labor confirming childcare has become a prohibitive expense. The economic Ripple effect is clear—as primary caregivers withdraw, labor gaps widen without commensurate replacement from older demographics.
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