Berliner Boersenzeitung - US voters seek help with crushing childcare costs

EUR -
AED 4.215401
AFN 74.609111
ALL 91.743442
AMD 416.891958
ANG 2.055032
AOA 1052.558585
ARS 1736.38229
AUD 1.613807
AWG 2.066091
AZN 1.969947
BAM 1.956761
BBD 2.312995
BDT 141.029237
BGN 1.932302
BHD 0.432913
BIF 3454.935973
BMD 1.147829
BND 1.465294
BOB 11.684533
BRL 5.891347
BSD 1.148344
BTN 110.113059
BWP 15.573374
BYN 3.491053
BYR 22497.438932
BZD 2.309714
CAD 1.606702
CDF 2651.483661
CHF 0.946735
CLF 0.027748
CLP 1095.660028
CNY 7.697798
CNH 7.69739
COP 3597.937356
CRC 513.743266
CUC 1.147829
CUP 30.417456
CVE 110.317237
CZK 24.307338
DJF 204.496833
DKK 7.475227
DOP 68.02132
DZD 153.667385
EGP 59.879577
ERN 17.217428
ETB 187.581623
FJD 2.571997
FKP 0.853614
GBP 0.858237
GEL 2.990086
GGP 0.853614
GHS 13.218259
GIP 0.853614
GMD 84.939095
GNF 10095.956527
GTQ 8.762302
GYD 240.22375
HKD 9.005002
HNL 30.823132
HRK 7.53905
HTG 150.089108
HUF 363.101199
IDR 20356.738748
ILS 3.48339
IMP 0.853614
INR 109.953133
IQD 1504.386141
IRR 1577776.38367
ISK 139.783509
JEP 0.853614
JMD 181.225814
JOD 0.813785
JPY 178.792086
KES 148.760191
KGS 100.377205
KHR 4677.214743
KMF 491.270445
KPW 1033.04603
KRW 1587.601765
KWD 0.354232
KYD 0.957053
KZT 511.561147
LAK 25721.403624
LBP 102838.695928
LKR 380.896998
LRD 199.241741
LSL 18.708085
LTL 3.389239
LVL 0.69431
LYD 7.294581
MAD 10.93868
MDL 20.160546
MGA 4987.405075
MKD 61.550218
MMK 2410.05515
MNT 4128.568379
MOP 9.279973
MRU 46.005586
MUR 54.705044
MVR 17.688266
MWK 1991.342936
MXN 19.738633
MYR 4.704606
MZN 73.356338
NAD 18.708085
NGN 1527.701765
NIO 42.260748
NOK 10.823466
NPR 176.177423
NZD 1.999621
OMR 0.441346
PAB 1.148354
PEN 3.877003
PGK 5.109419
PHP 71.988932
PKR 318.311572
PLN 4.358443
PYG 6793.335132
QAR 4.186155
RON 5.262332
RSD 117.36434
RUB 97.240487
RWF 1694.502377
SAR 4.262505
SBD 9.183216
SCR 15.833256
SDG 690.345852
SEK 11.271113
SGD 1.464118
SHP 0.857388
SLE 28.282759
SLL 24069.380767
SOS 656.310775
SRD 43.333396
STD 23757.732844
STN 24.511607
SVC 10.048758
SYP 14924.066669
SZL 18.700855
THB 38.235889
TJS 10.593916
TMT 4.0174
TND 3.378259
TOP 2.763695
TRY 55.871024
TTD 7.796692
TWD 36.608896
TZS 3048.549876
UAH 51.3177
UGX 4513.215726
USD 1.147829
UYU 46.171863
UZS 13522.638828
VES 970.437301
VND 29857.315383
VUV 135.796243
WST 3.148394
XAF 655.957
XAG 0.017719
XAU 0.000264
XCD 3.102064
XCG 2.069716
XDR 0.811574
XOF 655.957
XPF 119.331742
YER 271.634183
ZAR 18.661402
ZMK 10331.834704
ZMW 22.537672
ZWL 369.600314
SSP 6494.615471
MXV 2.237951
  • RYCEF

    0.4200

    20

    +2.1%

  • RIO

    2.1850

    97.975

    +2.23%

  • VOD

    0.0450

    17.505

    +0.26%

  • CMSC

    0.0700

    20.55

    +0.34%

  • NGG

    1.1300

    77.16

    +1.46%

  • CMSD

    0.1000

    20.39

    +0.49%

  • BCE

    0.4500

    22.95

    +1.96%

  • BCC

    0.0500

    75.36

    +0.07%

  • BTI

    0.1100

    56.2

    +0.2%

  • GSK

    0.5300

    50.82

    +1.04%

  • RELX

    0.2100

    34.48

    +0.61%

  • AZN

    2.3800

    165.27

    +1.44%

  • BP

    -0.0300

    45.35

    -0.07%

  • JRI

    0.0600

    11.56

    +0.52%

  • RBGPF

    0.0000

    69.99

    0%

US voters seek help with crushing childcare costs
US voters seek help with crushing childcare costs / Photo: RYAN COLLERD - AFP

US voters seek help with crushing childcare costs

For Maggie Ficco, a working mother from the US state of Pennsylvania, the issue of childcare is more than just an electoral talking point: it's a constant source of stress, as costs rise and day care capacities shrink.

Text size:

"Our monthly childcare payment is about the same amount of money as our mortgage on our house," the 31-year-old special education teacher told AFP in an interview at her home just outside Philadelphia.

Democratic presidential candidate Kamala Harris has vowed to institute a tax credit for young parents if elected. Republican Donald Trump's running mate, J.D. Vance, has offered legislative tweaks while also saying families should rely more heavily on relatives.

Politics have left Ficco feeling disappointed, she said, adding that she hasn't yet decided between Harris or Trump in this crucial swing state that might decide the November election.

She'd like to see the candidates "really" commit to addressing childcare -- an issue that experts say has ballooned into a serious economic problem in the United States, and one that critics argue politicians aren't taking seriously enough.

Ficco says that right now, "we make 'too much' for state assistance, but we can't quit one of our jobs -- because then we wouldn't be able to pay our bills."

"We don't have lavish, outlandish things. We don't go on crazy vacations," Ficco added. "We need groceries and our house payment and our car payment -- and our childcare payment."

"That's all we can afford right now."

- Shrinking supply -

According to a recent Chamber of Commerce report, "the childcare barrier" in the country has resulted in six million unemployed workers, and 1.6 million more who want jobs but have largely given up looking.

"It prevents many parents from participating in the workforce," the trade group reported.

And those who drop out of the workforce to care for children can suffer.

"Studies show that leaving the workforce to care for children penalizes women, often in the form of lower wages and missed promotions," it added.

Margie Sebastiani, the director of Sonshine Christian Academy where Ficco takes her daughter, said childcare centers also feel the heat.

"Parents are being charged more than what they could possibly pay, and that still doesn't cover the true cost of childcare," she told AFP.

Salaries are low, making recruitment hard. In response, Sebastiani's center had to close two of its ten classrooms -- and turn prospective families away.

During the height of the pandemic, President Joe Biden's administration injected $24 billion in aid into struggling institutions like Sebastiani's.

But "there is no more funding coming," she said. And without renewed help, "more childcare centers are going to close."

The number of licensed childcare centers in Pennsylvania has dropped in recent years, going from 7,000 facilities in January 2020 to 6,400.

- Long waiting lists -

Even with aid available to low-income families, some parents simply can't pay, said Leslie Spina, who directs Kinder Academy, a network of five childcare centers in Philadelphia.

"They have to decide, do I pay for my child's asthma medication? Do I buy food? Or do I pay the co-pay to come into my childcare?"

In one of Spina's centers, the waiting list is two times longer than the day care's capacity.

April Washington, an administrative worker at a university, said she had to wait nearly 18 months for a spot to open up for her three-year-old daughter.

In the meantime, she found one stop-gap solution after another, as the stress piled up.

"Unfortunately, it puts you in a space where you have to compete against other families," she said.

- 'We need help' -

Harris said she aims to rein in childcare costs to seven percent of family budgets, as it currently skyrockets to 10, 15, and sometimes even more than 20 percent across the nation.

She has proposed a $6,000 tax credit for young parents, but has yet to detail specifics.

Trump remains even vaguer on the issue, arguing tariff hikes would provide relief for families that would trickle down -- a conclusion many economists are wary of.

His running mate Vance has argued red tape around childcare certification is driving up costs, while also sparking backlash for suggesting that "maybe like, grandma or grandpa wants to help out a little bit more."

Vance also suggested boosting a childcare credit that already exists.

Carol Austin, who directs the childcare advocacy organization First Up, said neither candidate is addressing the shortage of centers and caretakers.

"Tax credits aren't enough to fill the supply side," she said. "The people who are providing this service need money."

Sebastiani echoed the sentiment: "We need help."

(F.Schuster--BBZ)