Families continue to be burdened by inflation in various areas, including childcare.
A survey by the online caregiver listing site Urban Sitter indicated that babysitting prices would increase by 9.7 percent in 2022, exceeding the current rate of inflation and placing a burden on families across the country.
A babysitter costs an average of $22.68 per hour for one child and $27.70 per hour for two. The increase is attributed to a number of factors, including the necessity for longer care durations as more Americans return to full-time employment and a lack of available workers, allowing those who are available to charge higher prices.
While the federal government considers spending less than 7 percent of a family’s income on childcare affordable, a Care.com poll found that more than half of Americans were spending more than 20 percent.
According to Axios, as rising expenses continue to burden families, more states are beginning to offer childcare assistance. States implementing programs include Connecticut, New Jersey, New York, and Rhode Island. Many businesses are also helping their employees to lessen the burden.