Childcare 'requires increased federal funding' |
Jason DeParle explores the nation's soaring childcare costs and underlines the determining role of the federal government in funding seismic changes to the sector. The Treasury Department reported last month that the average cost of care is roughly $10,000 a year per child and consumes about 13% of family income, nearly twice what the government considers affordable. At the same time, the Department noted the average teacher earns about $24,000 a year, many live in poverty, and nearly half receive some public assistance. “It’s among the lowest-paid of all occupations,” laments Lea J.E. Austin of the Center for the Study of Child Care Employment. “People have a hard time seeing that this is complex, specialized work.” The weighty social policy bill being pushed by President Biden at present would cap families’ childcare expenses at 7% of their income, DeParle notes, offer large subsidies to child care centers, and require the centers to raise wages in hopes of improving teacher quality, and a version before the House would cost $250 billion over a decade and raise annual spending fivefold or more within a few years. An additional $200 billion would provide universal prekindergarten. “This would be the biggest investment in the history of childcare,” says Stephanie Schmit, a child care expert at the Center for Law and Social Policy, who asserts: "This is a once-in-a-generation opportunity to do right for everyone.”