Report: Childcare Costs in Michigan, Birth Rate Hits 30-Year Low
The CDC reported in May that the United States birth rate dipped to a 30-year low in 2017 overall and for nearly all age groups of women under the age of 40. And it turns out a big reason adults are having fewer children is high child care costs, according to a new survey by Morning Consult conducted for The New York Times.
High child care costs was the top reason adults expected to have fewer kids than they considered ideal. It was also among the top reasons why adults didn't want to have children or weren't sure that they wanted to have kids.
The Consult survey did not include child care costs, but they are significant and can vary dramatically depending on the area. CNBC pointed to data from The Economic Policy Institute, that shows that he average annual cost of infant care in Michigan is $9,882—that's $824 per month.
According to CNBC, as of 2015, American parents spent an average of $233,610 per child from birth until the age of 17. High-income families spent more while lower-income families spent less on a child, according to CNBC.
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