Like many families throughout the U.S., Amanda, 28, and Carlos, 36, are wrestling with the cost of child care.
The couple keeps their finances separate, with Amanda covering child care while Carlos pays for other costs, like rent.
The burden often falls on womenThe cost of external child care has risen by roughly 263% from 1990 to 2024, according to a KPMG analysis.
But even when a family has the option to decide between paying for child care or having one parent stay home, there are more costs to consider.
You might be sacrificing career growth by staying home, or you may be sacrificing some of your ability to build wealth by paying for child care.
Persons:
Amanda, Carlos, Ramit Sethi, Rich, Sethi, Emily Green, Green, they've
Organizations:
KPMG, Pew Research, CNBC
Locations:
U.S, New York