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Rapid rise in child care expenses puts many parents in a financial squeeze

Child care expenses have spiked by more than 40% during the pandemic, soaring to more than $14,000 annually per child.

By Alan Goforth | January 18, 2021 at 10:11 AM

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Child care expenses have spiked by more than 40% during the pandemic, soaring from nearly $10,000 annually per child to more than $14,000. LendingTree researchers used Center for American Progress data on costs for center-based child care providers and data from Child Care Aware of America on household child care costs to quantify the effect on households.

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