The Daily

Is Child Care a Public Responsibility?

Oct 12, 2021
In a thought-provoking discussion, Jason DeParle, a senior writer for The New York Times known for his insights on economic issues, tackles the soaring costs of childcare in the U.S. Many families pay more for childcare than their mortgages, highlighting a major market failure. He explores potential government intervention, discusses proposed legislation, and examines public sentiment about making childcare a public responsibility. With personal anecdotes, DeParle sheds light on the undervaluation of essential workers in this critical sector.
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INSIGHT

Childcare System Failure

  • Democrats believe the US childcare system is broken due to unaffordability for parents and low wages for workers.
  • They aim to shift childcare from a private to a public responsibility, with a $250 billion investment over 10 years.
ANECDOTE

The Lolly's Childcare Burden

  • Jessica and Matt Lolly, a middle-class family in Greensboro, NC, spend a third of their income on childcare, exceeding their mortgage.
  • They've had to forgo vacations and another child due to these costs.
ANECDOTE

The Pritchards' Childcare Costs

  • Jamie and Matt Pritchard, with three children, pay $34,000 annually for childcare, double their mortgage.
  • They used a $20,000 car insurance payout for childcare instead of a new vehicle.
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