Child care now costs more than a mortgage, study finds

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Child care now costs more than a mortgage, study finds
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Here's the cities that have the most expensive child care and mortgage costs based on a family's household income, according to Zillow.

A recent study finds that child care costs are now outpacing inflation, with the typical American family barely affording both a house and child care in most of the country’s largest cities. Affordability guidelines suggest housing should cost no more than 30% of a family’s monthly income, and the U.S. Department of Health and Human Services recommends child care should cost no more than 7% of their monthly income.

Sayler said she has been working to tackle the closures and escalating childcare costs by offering families access to affordable child care through her app June Care, which connects families looking for childcare with stay-at-home moms who can care for their kids."June Care was started based on my own personal experience as a mom, but really born out of the pandemic." she told FOX.

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