Why Daycare is So Expensive in America
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- Опубликовано: 11 сен 2023
- In a world where childcare is increasingly becoming an essential aspect of everyday life, it's crucial to take a moment to reflect on some startling statistics that highlight the challenges faced by working families across the United States. In this video, we'll delve into the eye-opening facts and figures that shed light on the state of childcare in America, as well as the impending crisis that could leave millions without the support they need.
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kids should be pulling themselves up by their non existent boot straps.
They have the Velcro straps for their shoes to grab onto. Obviously they just need to eat less chicken nuggets now and they might be able to buy a house before 50.
We have a task force in our town working on the childcare cost dilemma. We are Going to share this with the entire group. Thanks for taking on this issue from both a practical and an empirical perspective!
thanks for watching everyone - notes and further reading linked in the description box
I'd be curious how frequently childcare lease space, at over market prices, from sibling businesses obscuring and protecting real profits.
Why don’t we offer toddlers students loans at 8% interest that they can never discharge?
I'm sure the 1% is working on it. Lol!
Live in DC with the highest childcare costs in the country. The city recently decided to require all childcare workers to have an associate's degree in early childhood education to work in the industry. Asking these struggling workers to go out of pocket for something that won't appreciably improve outcomes for children while increasing prices even more is just madness. Free PreK can't come soon enough.
Free pre K will likely never happen at least not in America. We would see free college before free Pre K specially since a lot of kids don't go to pre K
40 year old millennial here. live in a one bedroom apartment and haven't had kids because i simply can't afford it.
Society only has so much to go around and when you prioritize billionaires the rest suffer.
There is also a huge logistics challenge in addition to the points you hit on. We were on several waiting list for different daycares since there were no open spots. So we looked into opening a daycare. When you dig into the state regulations, the locations where a daycare is allowed to be operated ends up being a very short list. There is a playground size requirement and just that alone narrows the location list down significantly and puts the location cost into an entirely different price range.
Exactly. I don't think people realize how expensive it is to run a day care and how little workers make.
We were in a lucky position where my wife was able to stay home with our kids. Now that they are both a little older she is working part-time as a teacher in a private school. If I wasn't able to get the salary I have we would be really hurting find people to watch our kids, even just the time after school until we get off work. It was also part deliberate choice to make less money to have more time with our kids, I know a lot of people aren't in that situation but we also don't spend a lot of money. I have an 18 year old van that looks rough and my wife's car is 12 years old and we live in a town home instead of a big house in the xurbs. I still recognize that we are lucky with our housing situation (have a low mortgage compared to renting and low interest rate) and that I can make decent money.
"Can I, personally, die okay" and
"Will people in the future, generally, be okay?" are two very different questions, and people should be much, much more concerned with the latter
As a young expectant father. This really opens my eyes that I might be screwed raising a child in todays world.
You didn't think of and plan for that before becoming pregnant? Wtf
@@seanelucero no our contraceptions failed and we decided to keep it.
@@michaeladams4999 Been there, done that. Got lucky in that when she turned 1, our employer opened a daycare center. No subsidies, just priority on the entrance to the center. 640 per month for a 1 year old, 1990. Right outside DC...yeah, was crazy expensive back then as well.
i've been binge watching your channel. you have some fantastic video essays ❤
Great job on the video! I feel like you slowed down a bit with your speech and I know how much practice it takes to get comfortable with speaking, in public or on camera. It helped me keep up and process everything you were saying. You're improving at this!
Acco4ding to Kyla, we here in America are in the middle of a childcare crisis as well as a housing crisis...
Don't leave out the other crises that also deserve attention too: HEALTHCARE, FOOD, STUDENT LOAN DEBT CREDIT CARD DEBT, and my soon to be favorite: ELDERLY CARE?
America, we are in for an epic breakdown in humanity unlike anything seen before in human history!
My wife and I just celebrated our 33rd wedding anniversary not long ago, and I (the husband) I will be turning 60 years old in 2024.
My wife and I have a 27 year old son who is currently single. One might assume that the day he becomes romantically involved with the lady of his choice and they together decide to have a family the natural progression as time goes on that my wife and I will be delighted to be available to babysit our grandchildren, right?
NOPE!!!!!
One better think again. I've served my child rearing imprisoned time and therefore want my peace and quiet!
Child care for them is their best and only choice to go!
There's a lot of (good) regulation with daycares which increases costs. Daycare workers make a low wage for the work they do.
absolutely, a tremendously low wage - i talk about the trilemma later on in the video and address exactly your point
Yea, it's crazy. This is anecdotal, but my brother works with a guy whose wife has a daycare. They employ their workers at a really low wage but it nets them a good profit. "Enough to afford high end consumer goods and yearly vacations". Most of their kids are low income and state subsidized but they don't have regulation on how much childcare workers need to be paid. I feel like if your business is being subsidized by the government, wages need to be better monitored @@KylaScanlon
The data Kayla displayed that shows avg. cost of childcare by state must not differentiate between in-home daycare and daycare centers, which are held to significantly stricter standards (driving higher costs).
I wonder if something like this could pass: social security for the child given to the parents to spend on either childcare or the expenses of taking care of a child . Stay at home moms lose income and could use the social security too to take care of the children.
Thank you for calling out one of the gnarliest of the gnarly issues. One of the revelations of my adult life is finding that public servants are generally eager to hear from their constituents if using civil language. Policy needs to be formulated and implemented and this happens best with input from the electorate. Let your elected officials know how you feel about important stuff. It is usually cheap and sometimes surprisingly effective.
good ol’ amerikkkan freedom, great vid as usual
Came here from your Tiktok and i had 2 questions:
1.) I remember my former representative Katie Porter talking about the importance of childcare as part of build back better which didn't pass, so where was the source of the federal childcare that you were referring to?
2.) How much is your moving impacting the economy? 🤣
It would be interesting to dig into what's happening with California's universal TK rollout. On the one hand, it's great for parents who would normally have to pay for childcare costs for that year before kindergarten. However, it's taking away enrollment (and therefore revenue) from existing preschools because parents who could normally afford preschool are opting for the free public option. This is straining budgets of those private preschools putting them at risk of closing down. Expanding their enrollment to younger children (< 2.5 years old) could make up for that lost revenue, but younger kids require more care so that means needing more staff at the preschools, but the rollout of universal TK has created a, early childhood educator shortage.
It's a bit of a broken market already, and this big, well-meaning change is creating unintended challenges in the childcare world. Hopefully California and the USA as a whole can incentivize more people to become early childhood educators to fill this void in the market.
Federal funding is why the prices rise like school..
Government over spending doesnt help either..
Day cares ect are charging 300.00 a head a week its them not paying their employees
Companies need to pay there employees more so stay at home parents can stay home comfortably or work part time if they had to. Businesses don't want to pay people what they are worth.
**noise** infrastructure... i'll allow it
He watches your videos 📹 👀 you got a fan
my brothers boss brings his kids into work almost every day because he cant afford child care, and because these kids are never in a place with structure they are monsters and get in the way all the time. I worked at the same place a few years ago and its awful trying to do a job around someones kids because they cannot afford child care or any help especially when the children are misbehaving. totally agree with your video.
So unprofessional
3:55 nice shirt 🤘
Why I think child free people should care about other people’s children: when they get old, the doctor, nurses and everyone who does anything for them will be other people’s children. We need young people when we are old and they need us when we are young it’s the circle of life and it moves us all till we find our place on the path unwinding.
I am child free. I pay my taxes which go to public schools for other peoples kids. I pay more in taxes than my peers who make the same because they have taxes and get tax breaks. I also work as a school teacher so I spend all day care caring for other people's kids.
Discussion is similar but has important differences with the very heavy costs of elder care. the business model for elder care doesn't really allow for well paid staff or satisfactory living conditions. Staff to client regulations are present but more lax and profit is much more plentiful. Seeing ad campaigns against efforts to raise staffing standards in ohio, citing nurse/clinician shortages, but these homes are woefully short staffed already compared to what people without experience in the business would expect. rude awakening for many children looking for a safe comfy place for their parents to age
well when there's more young children then there are spaces in daycare that's one reason its so expensive oh and requiring teachers to have a masters degree in early childhood development also drives up the cost. I get needing a degree to teach older kids my mums cousin Kathy was 2nd grade teacher for more than 40 yrs. until she retired at the end of the 2018-2019 school year age 65 and yeah kids have gotten more spoiled/entitled in the last few decades then even when I was in elementary school 30 yrs. ago when you were actually allowed to have b day parties etc. in class or for teachers to bring donuts in on special occasions such as the last day before Christmas break etc. granted my elementary school was kitty corner from a Dunkin donuts outlet and also had several other fast food places in walking distance for ex Sullivan's on Castle Island beach is about 5 miles away and less than 15 minutes away granted the school is now k-8 grade
The thing about running a growth based monetary system where the government debases the currency against the deflation resulting from productivity and automation gains is that neither apply to the child care or housing sector as much as something like manufacturing. So you can print and handout money for child care and housing, but the cost of the services just rise faster and faster in a doom loop. The best way to handle child care is to just take advantage of the tax arbitrage and do it yourself. You don't get taxed on the labor of raising your own child, but a nanny or daycare provider does. Plus if you are a married couple you may benefit from being in a lower tax bracket if the other person works part time or stays home. Also if they are at home they may be able to do tons of things that normally would be hired all pretax labor such as cleaning, mowing, car maintenance, etc.
You look splendid
I'd like to ask a request a video, if possible.
Feds are spending a lot on the Ukraine war, it seems. If Ukraine reclaims Crimea, then joins NATO within that time, how would that affect food prices and food security and how would that affect the rate of US debt?
The issue is that we don't have a fixed cost on how much "child care" is needed, and with potentially infinite funding you'll see the same effect as education - dubious standards, costs go up year after year and less qualified people go into it to make a easy buck.
I agree some subsidies are needed - for example - why the hell don't we just build homes for everyone, fixed scalable cost - you take the hit once, then just do maintenance - like infrastructure. But for more human needs, there is a incrementality to it, each generation wanting that extra bit more, each politician promising a bit more, each mother wanting that extra edge over the jones'.
vote for kyla
I wonder what her future is. She could be a future president's economic advisor or a politician herself.. She's forward looking, intelligent and seemingly well educated.
In Quebec, public childcare is $7 a day (yay!) but the wait list lineup for it is so big you need to sign up if you're even thinking of having a kid (boo!) and was put into practice because Quebec wanted white women to have more children. (yikes!)
Good, but add more echo
Someone please tell Editing Kyla that Commenting Victor said, “Sup”.
America does not spend enough resources and effort to support children. It is moral, and provides massive future value. The housing costs is an interesting point how it significantly raises the price of labor
12:10 That's the thing, the reason why a lot of individuals get frustrated with being asked to pay more taxes for other people's kids is because, while it's true they don't live in a silo, they are treated like they are. The problem with policy being so tunnel vision is it overlooks this problem asking for these individuals to sacrifice so much for others and get nothing in return. That's why people get angry. People like me who have to work long hours to afford to live, just to pay taxes, and end up having no time to start a family of my own. I just don't understand how that is justified and why that is not a basic violation of the social contract.
How is it possible to run out of money at $24B funding?
❤
I wish a single working class wage was enough to raise a family and enter the housing market like it used to be. That way there would be far less demand for childcare, and the future negative mental health outcomes associated with it.
Where are you moving to
Child care is 100% something the government should provide for its citizens. It's a major quality of life improvement to know your child is taken care of while at work.
No. You have kids , it is your responsibility to raise them, not the governments. You don't want to pay for childcare, don't have kids.
Chicago 60605 - 2 kids = $45k
Imagine if we decreased our defense spending by 3% to help fund childcare…
I do always wonder if American individualism would be more open if we felt the individual was taken care of. Again, more on the "feels" aspects than actuality. Since I do feel like most Americans are taken care of to a fair degree.
I don't know of a single solution to this problem. More daycares and more child care providers wont bring down cost. The flip side is parents cant spend alot of time caring for their kids because they have to work. The solution to bring down costs hasn't materialize in a long time. Im assuming it never will
We should provide direct payments to mothers cover the cost of child care, the mom should have the choice where this money goes. Including her not working if she wants.
Maybe they should better subsidize community childcare? I would rather my taxes go to this instead of subsidizing war or inefficient companies. It's like American culture doesn't care about children. "Unless they can be used as a political football". Are you staying stateside or moving abroad Kyla?
Your voice is kind of similar to Elizabeth Holmes 🧐
Short answer, yes tax to pay for it. Lot of European countries do it because they know that kids and children are the future. However the USA with this individualist mentality, means you're screwed.
Kyla u sound so sad in this vid
im pretty stressed rn haha
@@KylaScanlontranslation for non-millennials/early zoomers: haha = I am so sad but living through multiple historical catastrophes has left me with little coping measures other than to laugh it off
Child tax credit allows parents to stay home or pay for child care as they see fit. Subsidizing child care centers disadvantages those who choose to stay home.
why can't the FED just print money to help with daycare, they did it for all the other things...
This is crazy ignorant.
move to finland sweetheart
Why are you shilling for Wallstreet elites against retail investors and GameStop? The company has had an incredible turnaround with 1.2 billion in cash on hand, no debt, and pathway to full year profitability. In the meantime retail investors have Directly registered 25% of the company and taken the shares out of the DTCC. Disappointed to say the least, your comments on Time article were a disgrace
Federal funding..not with my tax money. Maybe mothers should stay home..like they do in Germany..🤔
keep in mind that most households can't stay afloat on a single income currently
if mothers or fathers or caregivers could afford to stay at home, im sure they would be happy to. remember, the US has pretty much no paid maternity leave. perhaps expand your priors before commenting!
Did you even watch the video explaining the housing crisis and how childcare is 20+ percent of a household income? How can you do that with one income without making 200k a year? "Not muh tax muhney".... Rather fund the missiles we buy to control foreign resources instead of caring for the citizens right?
Also Tax money isnt yours is it? It's "ours" so hopefully majority aren't individualists like yourself.
@KylaScanlon it's not the responsibility of the government to pay for child care .Where do you find that in the constitution?
@@markbecker71 the founders regularly had slaves watch the children. Maybe its time to let go of this argument.
People not having kids are suddenly so worried about daycare 😂 just stop having kids
3:55 nice shirt 🤘