INDIANAPOLIS, Ind. (December 8, 2015) - Many Hoosier parents face heavy financial burdens to cover child care costs. Some families are paying more for child care than tuition to a four-year public college, a new study finds.
The Child Care Aware of America report reveals child care is the biggest expense for most families, even beating out hosing and transportation costs.
In Indiana, a single parent with two kids pays 73 percent of their income to child care centers. The report found sending an infant and a four-year-old to a child care center costs more than $15,000 per year in Indiana.
Plus, there's a domino effect when parents simply cannot afford the right care for their kids.
"In the US, $4.4 billion are lost each year because families are unable to have dependable child care," said Lynette Fraga, Ph.D., Executive Director, Child Care Aware of America. "It falls through and parents are unable to get to work. So this is everyone’s issue. "
Marion County is one of five counties spotlighted in the report to show the challenges of paying for child care in urban areas. Residents in the county pay more than 14 percent more child care than the state average, according to the report.
To read the entire report, click here.