The Cost of Childcare Is About to Explode
Millions of families are now facing a so-called childcare cliff that’s just weeks away.
On September 30, barring the intervention of Congress, $24 billion worth of pandemic relief funding for childcare will expire.
This funding, part of President Biden’s American Rescue Plan of 2021, has been used to provide stabilization grants to childcare providers reeling first from enrollment drops and now from staffing shortages.
With the relief money drying up, programs have only bad options.
Much of the media attention and commentary by elected officials has focused on the prospect of childcare programs closing, a notion fueled by a Century Foundation report stating that 70,000 programs “will likely close … and approximately 3.2 million children could lose their child care spots.”
However, the more likely result—at least in the short term—is that the cost for parents will skyrocket.
| The New Republic
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https://newrepublic.com/article/175378/child-care-cliff-cost-explode-closures