Childcare costs are skyrocketing around the world

Parents (most often the mothers) are being forced to make tradeoffs between their families and jobs. (Image: Maira Erlich/Bloomberg)

Bloomberg

Tue, 30 Jan 2024

By Alice Kantor, Yuko Takeo, Ella Ceron, Catarina Saraiva, Leonardo Lara and Abeer Abu Omar Around the world, rising inflation is pushing childcare costs up to unprecedented levels. Average daycare fees went up 6% in 2023 from the previous year, according to global mobility company ECA International (Employment Conditions Abroad), while in the US, costs jumped 9%. Reversing this trend is key to pulling economies out of recession, promoting growth and creating more-equitable societies, but so far many governments have done little...

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