According to a new study from The Federal Reserve, the percentage of parents who say they're doing 'ok' financially, significantly dropped in 2023.
FILE - A pair of children look out of a child care center Wednesday, Jan. 24, 2024, in Denver. , the percentage of parents who say they're doing "ok" financially, significantly dropped in 2023. Two big reasons why, are childcare and grocery prices .
On top of the grocery prices, Lam says to send her two daughters to daycare, which costs $2,500/month. Currently, Lam and her husband are a bit more established in their careers so they can afford to send their kids to daycare. But things were different a few years ago. Ben Hansen, an economics professor at the University of Oregon, said that not only are prices going up, but financial aid provided during the pandemic, such as
Grocery Prices Financially Parents Costs Daycare Economics Professor Income Household
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