Child care is generally unaffordable and paid leave is not available to most U.S. parents. M Ameen/Pixabay
Staff Writer | October 6, 2021
The United States’ low levels of financial support for young children’s care in the developed world is something Democrats are trying to change with their safety net spending bill. The U.S. spends 0.2 percent of its Gross domestic product (GDP) on child care for children 2 and under, which is about $200 a year for most families in the form of a once-a-year tax credit for parents who pay for care.
The United States is an outlier in its low levels of financial support for young children’s care in the developed world something Democrats are trying to change with their safety net spending bill. The U.S. spends 0.2 percent of its Gross domestic product (GDP) on child care for children 2 and under — which amounts to about $200 a year for most families in the form of a once-a-year tax credit for parents who pay for care.
In the developed world, the U.S. is an outlier in its low levels of financial support for young children’s care.
Two-year-olds in the country are less likely to attend formal child care — and if they do, their parents pay full price. https://t.co/s57TabMk0h pic.twitter.com/SIA1vmKqF0
— The New York Times (@nytimes) October 6, 2021