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cobbling together whatever arrangements they can. These sorts of
arrangements tend to be less reliable. A recent Parents Magazine poll
found that among the 452 respondent families, 588 full days of work and
2044 partial days of work were missed just in the preceding three months,
due to a child care emergency.
AFFORDABILITY ISSUES:
Parents Struggle to Afford Care
Families with annual incomes under $14,400 that paid for care for children
under age 5, paid 25% of their incomes for child care, compared with 6%
of incomes spent on child care for families with incomes of $54,000 and
above, according to Census data from 1993.
In 1993, the average weekly cost per preschool child in paid child care
arrangements was $60 ($3000 per year). For infant children, the cost
averaged $66 per week ($3432 per year). The average cost for families
with preschoolers was just over $4100 per year, reflecting the fact that
many families have more than one child in care. (Census Bureau)
In 1995, for families with annual incomes between $33,600 and $56,700
and children under age 2, child care was their third largest expense, after
housing and transportation. For families in that income range with
children between the ages of three and five, child care was second only to
housing. These families spent more on child care than they did on food or
health care. (Census Bureau)
As cited above, parents report paying between $3000-$3500 in 1993 for
care for their young child, not counting public subsidies or private benefits
(such as United Way funds or employer-provided subsidy) that may have
helped reduce the cost to the parent. In comparison, in 1996 the GAO
reported that tuition and fees at a public college or university averaged
$2700 per year, but a family might actually pay less if the student received
a scholarship. Therefore, for some families, the cost of care for young
children exceeds the cost of sending a child to a public college or
university. Furthermore, families pay for child care at an earlier stage in
their working lives, when they generally have lower incomes and fewer
accumulated resources than they will have when the child enters college.
(Financing Child Care, Mitchell and Stoney, 1997)
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"ocrText": "/\n-4-\ncobbling together whatever arrangements they can. These sorts of\narrangements tend to be less reliable. A recent Parents Magazine poll\nfound that among the 452 respondent families, 588 full days of work and\n2044 partial days of work were missed just in the preceding three months,\ndue to a child care emergency.\nAFFORDABILITY ISSUES:\nParents Struggle to Afford Care\nFamilies with annual incomes under $14,400 that paid for care for children\nunder age 5, paid 25% of their incomes for child care, compared with 6%\nof incomes spent on child care for families with incomes of $54,000 and\nabove, according to Census data from 1993.\nIn 1993, the average weekly cost per preschool child in paid child care\narrangements was $60 ($3000 per year). For infant children, the cost\naveraged $66 per week ($3432 per year). The average cost for families\nwith preschoolers was just over $4100 per year, reflecting the fact that\nmany families have more than one child in care. (Census Bureau)\nIn 1995, for families with annual incomes between $33,600 and $56,700\nand children under age 2, child care was their third largest expense, after\nhousing and transportation. For families in that income range with\nchildren between the ages of three and five, child care was second only to\nhousing. These families spent more on child care than they did on food or\nhealth care. (Census Bureau)\nAs cited above, parents report paying between $3000-$3500 in 1993 for\ncare for their young child, not counting public subsidies or private benefits\n(such as United Way funds or employer-provided subsidy) that may have\nhelped reduce the cost to the parent. In comparison, in 1996 the GAO\nreported that tuition and fees at a public college or university averaged\n$2700 per year, but a family might actually pay less if the student received\na scholarship. Therefore, for some families, the cost of care for young\nchildren exceeds the cost of sending a child to a public college or\nuniversity. Furthermore, families pay for child care at an earlier stage in\ntheir working lives, when they generally have lower incomes and fewer\naccumulated resources than they will have when the child enters college.\n(Financing Child Care, Mitchell and Stoney, 1997)"
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