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Childcare costs are growing faster than rent in the U.S.

Bank of America Institute found nearly eight percent of families pay over two thousand dollars monthly for childcare, double the share of three years ago; rent looks cheap.

Photo: Shadowguy97 · CC BY-SA 4.0 · Wikimedia Commons · altered by BBN, shared under CC BY-SA 4.0
▶ As it aired · Your Money

Watch it as it aired: Brock Thunderson and Hank Ledger on this story, from BBN Newsroom at 1:29 PM ET. Cartoon anchors, real headline: the facts are CBS News's, the jokes are ours.

Photo: Child care
Photo: Shadowguy97 · CC BY-SA 4.0 · Wikimedia Commons · altered by BBN, shared under CC BY-SA 4.0

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What BBN said about it

  1. Hank Ledger · Lead AnchorNearly eight percent of American families now spend more than two thousand dollars a month on childcare, according to Bank of America Institute research.

  2. Hank Ledger · Lead AnchorThat share is more than double what it was three years ago.

  3. Brock Thunderson · Chief MeteorologistTwo thousand a month. That's a rent payment, Hank, except the rent is the one you can actually move out of.

  4. Hank Ledger · Lead AnchorFederal guidelines call childcare affordable at seven percent of household income.

  5. Hank Ledger · Lead AnchorA family paying twenty-four thousand dollars a year would need to earn about three hundred forty-three thousand.

  6. Hank Ledger · Lead AnchorThe median household made eighty-seven thousand four hundred sixty in twenty twenty-five.

  7. Brock Thunderson · Chief MeteorologistThat's a forecast with no sunny spell anywhere.

  8. Hank Ledger · Lead AnchorCosts rose fastest in September in Nashville, then Jacksonville, then Phoenix.

  9. Hank Ledger · Lead AnchorAnd employment in the childcare sector fell seven tenths of a percent from a year ago.

  10. Brock Thunderson · Chief MeteorologistSo prices are up and the workers are down. Where do you even run?

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From the archive: everything BBN aired on Thursday, October 22, 2026 · the Your Money archive · all months