Democrat or Republican, the exorbitant cost of child care is an issue that impacts us all. In light of this pressing issue in America, Democratic presidential frontrunner Hillary Clinton recently announced plans to make child care more affordable in America.
Clinton proposed that working parents shouldn't have to spend more than a tenth of their income on child care costs. "I don’t think any family should have to pay more than 10 percent of their income for child care,” Clinton said. “That ought to be just a rule and you ought to get help if you’re getting close to that or going above that.” Clinton plans to use a combination of subsidized child care and tax credits to achieve this plan.
In addition to the cap on child care costs, Clinton also wants to focus on increasing child-care workers' wages and expand home visiting services to pregnant women and families with young children.
In case you missed it, child care has become a huge problem in America. Between 2000 and 2012, the average cost of childcare has increased by almost 25 percent while wages have remained stagnant. That means there are often families with both parents working full-time, with one parent's entire paycheck going towards child-care costs.
There are also many instances where moms (or dads) are forced out of the workforce simply because it doesn't make financial sense when to pay more for child care than you're earning.
Not convincing enough? In some states, child care is literally more than the cost of college tuition, and in 81 percent of towns in the U.S., child-care expenses for a two-child family costs more than rent.
All this to say, child care is a major issue in the U.S. today and one that we hope more politicians address as the election season approaches.