dee27
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Post by dee27 on Nov 14, 2016 20:35:09 GMT -5
Ouch, gooddecisions! Your childcare is expensive.
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tcu2003
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Post by tcu2003 on Nov 14, 2016 21:00:16 GMT -5
Ouch, gooddecisions! Your childcare is expensive. Except those prices are the norm in a lot of areas. I'm in the same boat, but only 2 kids. When I go back to work in a couple of weeks and the infant starts daycare, we'll be paying about $29k for an infant and a 4-year old in the pre-k room at the same licensed center daycare facility. It's not a fancy daycare by any means - just a normal, licensed, safe place. And I'm in the Midwest, not in a VHCOL area (I'd say it's maybe a MCOL area). You can get cheaper prices for a licensed home daycare, and even cheaper if you're willing to use an unlicensed home daycare, but for numerous reasons, a center works best for us.
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gooddecisions
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Post by gooddecisions on Nov 14, 2016 21:01:57 GMT -5
Ouch, gooddecisions! Your childcare is expensive. I know, I see very few people with 3 kids in full-time daycare in my own real life (of course there are plenty of people out there, but I'm talking about my own real life and people I actually know and see). There are over 500 kids at this daycare and the majority of families have 1 or 2 kids. There at 10 other day cares within 5 miles and they are all similarly priced and sized. Not one of my co-workers has more than 2 kids either and I work with hundreds of people, but I am one of the youngest so their kids are grown. There is only one other family on my street with more than 2 kids and they have 3. The wife gave up her teaching position after she had her third and stays at home. I am middle class and so are my neighbors, co-workers and fellow parents at the daycare. I don't love to work and would love to stay at home, but refuse to put myself in a vulnerable position should I have to support myself. Regardless, either decision is an expensive one.
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giramomma
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Post by giramomma on Nov 14, 2016 22:45:18 GMT -5
Ouch, gooddecisions! Your childcare is expensive. I know, I see very few people with 3 kids in full-time daycare in my own real life (of course there are plenty of people out there, but I'm talking about my own real life and people I actually know and see). There are over 500 kids at this daycare and the majority of families have 1 or 2 kids. There at 10 other day cares within 5 miles and they are all similarly priced and sized. Not one of my co-workers has more than 2 kids either and I work with hundreds of people, but I am one of the youngest so their kids are grown. There is only one other family on my street with more than 2 kids and they have 3. The wife gave up her teaching position after she had her third and stays at home. I am middle class and so are my neighbors, co-workers and fellow parents at the daycare.I don't love to work and would love to stay at home, but refuse to put myself in a vulnerable position should I have to support myself. Regardless, either decision is an expensive one. There's a fairly wide range of income for middle class. If you can swing 45K in daycare a year, I'm guessing you are sitting at the upper end of middle class. We are what I consider to be middle, middle class. We grossed 70-75K last year. Clearly 46K wouldn't work on our salary. 35K for 3 didn't work for us, either.
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NastyWoman
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Post by NastyWoman on Nov 15, 2016 0:33:26 GMT -5
I know, I see very few people with 3 kids in full-time daycare in my own real life (of course there are plenty of people out there, but I'm talking about my own real life and people I actually know and see). There are over 500 kids at this daycare and the majority of families have 1 or 2 kids. There at 10 other day cares within 5 miles and they are all similarly priced and sized. Not one of my co-workers has more than 2 kids either and I work with hundreds of people, but I am one of the youngest so their kids are grown. There is only one other family on my street with more than 2 kids and they have 3. The wife gave up her teaching position after she had her third and stays at home. I am middle class and so are my neighbors, co-workers and fellow parents at the daycare.I don't love to work and would love to stay at home, but refuse to put myself in a vulnerable position should I have to support myself. Regardless, either decision is an expensive one. There's a fairly wide range of income for middle class. If you can swing 45K in daycare a year, I'm guessing you are sitting at the upper end of middle class. We are what I consider to be middle, middle class. We grossed 70-75K last year. Clearly 46K wouldn't work on our salary. 35K for 3 didn't work for us, either. It just proofs that we need to look at the whole picture before we decide what constitutes lower/middle/upper middle class. For instance, I think you are barely middle class here in the Bay Area with a low 6 figure family income. For fairness sake, I wish cost of living would be taken into account when eligibility for government aid is considered. Fat chance of that happening with the people that were elected. Still I can dream... even if I have been lucky enough in life to never need aid
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whoisjohngalt
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Post by whoisjohngalt on Nov 15, 2016 0:38:52 GMT -5
I know, I see very few people with 3 kids in full-time daycare in my own real life (of course there are plenty of people out there, but I'm talking about my own real life and people I actually know and see). There are over 500 kids at this daycare and the majority of families have 1 or 2 kids. There at 10 other day cares within 5 miles and they are all similarly priced and sized. Not one of my co-workers has more than 2 kids either and I work with hundreds of people, but I am one of the youngest so their kids are grown. There is only one other family on my street with more than 2 kids and they have 3. The wife gave up her teaching position after she had her third and stays at home. I am middle class and so are my neighbors, co-workers and fellow parents at the daycare.I don't love to work and would love to stay at home, but refuse to put myself in a vulnerable position should I have to support myself. Regardless, either decision is an expensive one. There's a fairly wide range of income for middle class. If you can swing 45K in daycare a year, I'm guessing you are sitting at the upper end of middle class.We are what I consider to be middle, middle class. We grossed 70-75K last year. Clearly 46K wouldn't work on our salary. 35K for 3 didn't work for us, either. She is. She repeatedly posted that they both make 6 figures and have over 1M in assets. No way in hell middle class family can afford $46K/yr day care cost.
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cronewitch
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Post by cronewitch on Nov 15, 2016 1:10:04 GMT -5
For lower income families having a one worker family works if they had say 3 kid at home and took in 3 more it would replace the wages of one worker saving on daycare and earning daycare income. My niece did that when she had only 1 child she started a licensed daycare and watched as many as was legal. If they paid 10K each and she saved 10K on hers she would make 60K watching 6 total, hard way to make a living long hours but pays not too bad. She now had kids who are 17-20 and earns 30K a year in a 40 hour a week job but I see the pull to quit and stay home raising yours and daycare kids.
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973beachbum
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Post by 973beachbum on Nov 15, 2016 8:07:46 GMT -5
There's a fairly wide range of income for middle class. If you can swing 45K in daycare a year, I'm guessing you are sitting at the upper end of middle class.We are what I consider to be middle, middle class. We grossed 70-75K last year. Clearly 46K wouldn't work on our salary. 35K for 3 didn't work for us, either. She is. She repeatedly posted that they both make 6 figures and have over 1M in assets. No way in hell middle class family can afford $46K/yr day care cost. But I will say that her numbers for daycare are close to what they are here. My kids are old enough to not need it but a lot of friends still need it and talk about the prices. The medium price seems to be $350 for a full week for a regular daycare. It goes down to closer to $250 a week when they hit preschool and up for an infant. I live in an area of super rich and working poor. The wealthy complain but really don't have an actual issue affording it. The working poor couldn't do that so they generally seem to cobble together people to watch their kids for free or super cheap. Subsidies are a pipe dream. I know they do exist but by the time someone got through the waiting list the kid will be ready for college.
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gooddecisions
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Post by gooddecisions on Nov 15, 2016 8:10:07 GMT -5
We are both savers and waited until we were in our 30's to have a family when we were solidly established in our professions. If we started a family in our 20's, our financial picture would be completely different. Even though I have a decent income, the daycare bill is significantly higher than my $3500/month take-home. If the money were the only consideration, it would be a very easy decision to stay home and exit the workforce like many women (and sometimes men) in my demographic. My only point is that in my middle (upper to some), educated, professional, and geographic demographic, I can see why people are only having 0, 1 or 2 at the most or simply aren't in the work-force anymore. Like I said, it's a complex issue and there is no good solution that will please everyone.
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whoisjohngalt
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Post by whoisjohngalt on Nov 15, 2016 10:02:27 GMT -5
She is. She repeatedly posted that they both make 6 figures and have over 1M in assets. No way in hell middle class family can afford $46K/yr day care cost. But I will say that her numbers for daycare are close to what they are here. My kids are old enough to not need it but a lot of friends still need it and talk about the prices. The medium price seems to be $350 for a full week for a regular daycare. It goes down to closer to $250 a week when they hit preschool and up for an infant. I live in an area of super rich and working poor. The wealthy complain but really don't have an actual issue affording it. The working poor couldn't do that so they generally seem to cobble together people to watch their kids for free or super cheap. Subsidies are a pipe dream. I know they do exist but by the time someone got through the waiting list the kid will be ready for college. Oh I have no doubt. When my two oldest were born we were still living in MA, just outside of Boston. For a split second when my oldest was a toddler I wanted him to do day care for a few hours twice a week. When I found out the prices, I almost fainted and changed my mind.
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NomoreDramaQ1015
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Post by NomoreDramaQ1015 on Nov 15, 2016 10:04:13 GMT -5
We wrestle with daycare costs. Abby's daycare decided to increase their prices significantly pretty much overnight which put us back at square one financially. I am trying to get her into a cheaper daycare but wait lists are just as long for toddlers as they are for newborns. We do not qualify for anything and even if we did like Beachbum said the wait list is so long we'd be done with daycare by the time we qualified. The university is making big speeches about budget cuts so I am pretty sure a wage freeze is on it's way which means my salary isn't going to rise to off set the costs. DH's is rising but daycare keeps making the price leaps it's been making lately any raise he gets is just going to keep us running in place. I totally get why people quit working. I keep trying to remind myself of the long term advantage of working but it gets HARD sometimes. I often feel like the only reason I am working is to line the pockets of the revolving door of directors at our daycare.
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swasat
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Post by swasat on Nov 15, 2016 10:05:53 GMT -5
Its also a combination of where you live. If you live on the east or the west coast, your daycare bill tends to be higher. The salaries that people command tend to be higher too, though not for all professions. So ultimately the people who get screwed are the the folks who live in these HCOL/VHCOL areas but are in professions that aren't high paying in general.
I live in a MCOL midwest city. Many of my friends have 3 kids in daycare. Their daycare bill is nowhere even close to $46K, more like $30K. Since these folks make great money $30k/year does not hurt them in the least.
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Deleted
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Post by Deleted on Nov 15, 2016 22:50:05 GMT -5
I don't know my daughter's total daycare cost because she does a combination of things. All five of them are in some combination of school/Mother's Day Out at the private school they attend. She did mention that she was saving $500 a month when the school called and offered the one-year-old a place. The one-year-old wasn't old enough when the school year began, but she is now.
I do know that my daughter pays $15 an hour for a babysitter. She doesn't differentiate between keeping one kid and all five kids. They are actually really good kids; they have to be with that many. It's a large enough house so sometimes they spread out and do their own thing, and sometimes they are all together and help with the 1-y-o and 3-y-o. The other three are 10, 8, and almost 6 (January).
She pays $18,000 right now for the oldest three in private school plus additional for MDO plus additional for after school care at $15 an hour for all 5. Their school gets out at 1. It's not every day, but it must be a staggering amount of $$$. She has a good job (pharmacist), but I simply cannot imagine paying that much.
She has no problem getting sitters, though, at that price.
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