The Money with Katie Show The Real Cost of Being a Working Parent
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Feb 12, 2025 Eryn Schultz, a Certified Financial Planner known as Her Personal Finance, discusses the staggering financial realities of being a working parent. She reveals how traditional data on childcare costs understates the struggles faced by families. The conversation dives into the emotional toll of balancing work and parenting, the complexities of childcare choices, and the societal undervaluation of care work. Eryn also highlights the urgent need for better support systems and policies to alleviate the financial strain on parents.
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Childcare and the Gender Gap
- The childcare situation in the US largely explains the gender wage and wealth gap.
- National average childcare costs often underrepresent the reality for working parents.
A Working Mom's Dilemma
- A Reddit post highlighted a mother's struggle with identity, ambition, and work-life balance after having a child.
- She considers a second child, but worries about the impacts on her career and personal time.
Beyond Dollars and Cents
- The decision for mothers to return to work is complex and involves more than just finances.
- It's about identity, personal fulfillment, and societal expectations.