The Kobeissi Letter@KobeissiLetter
Inflation has made childcare into a luxury:
Over the last 40 years, childcare prices are up 873%, massively outpacing other major cost of living categories.
By comparison, housing, food, and transportation inflation has risen 350%, 332%, and 268%, respectively.
At the same time, nationwide CPI inflation has jumped by 315% over this period, less than half of childcare inflation.
As a result, the majority of the US regions have now annual daycare costs that require 15% of the median household income, with some nearing 25%.
Childcare is no longer affordable for many Americans.
