Child Care Services Business Plan This free, printable business plan identifies strengths, weaknesses and competitive edges for educators and school owners who provide child care services. Downloads are subject to this site's term of use. This template belongs to these categories:
In essence, only a fraction of overall economic growth is trickling down to typical households. Some should give workers more leverage in the labor market, and some should expand social insurance and public investments to boost incomes.
An obvious example of the latter is helping American families cope with the high cost of child care.
The high cost of child care has received attention from an array of policymakers. For example, in his State of the Union address, President Obama cited child care affordability as a key to helping middle-class families feel more secure in a world of constant change White House New York City Mayor Bill de Blasio recognized similar concerns and released an interagency implementation plan for free, high-quality, full-day universal prekindergarten NYC High quality, dependable, and affordable child care for children of all ages is more important than ever, especially since having both parents in the workforce is an economic necessity for many families.
This paper uses a number of benchmarks to gauge the affordability of child care across the country. The report then compares child care costs to state minimum wages and public college tuition. Child care costs account for a significant portion of family budgets.
Across regions and family types, child care costs account for the greatest variability in family budgets. As a share of total family budgets, center-based child care for single-parent families with two children ages 4 and 8 ranges from Among families with two children a 4-year-old and an 8-year-oldchild care costs exceed rent in out of family budget areas.
For two-child families, child care costs range from about half as much as rent in San Francisco to nearly three times rent in Binghamton, New York. Child care is particularly unaffordable for minimum-wage workers. The high cost of child care means that a full-time, full-year minimum-wage worker with one child falls far below the family budget threshold in all family budget areas—even after adjusting for higher state and city minimum wages.
Among families with young children, child care costs constitute a large share of annual earnings for families living off one full-time, full-year minimum-wage income. Other salient benchmarks highlight the extremely high costs of child care. In 33 states and the District of Columbia, infant care costs exceed the average cost of in-state college tuition at public 4-year institutions.
Child care costs are particularly high for younger children. When 10 family budgets in various areas are reconstructed to include two-parent, two-child families with an infant and a 4-year-old instead of a 4-year-old and an 8-year-oldchild care ranges from This compares with a range of Geographical cost-of-living differences are built into the budget calculations by incorporating regional, state, or local variations in prices depending on item.
Basic family budget measurements are also adjustable by family type because expenses vary considerably depending on the number of children in a family if anyand whether a family is headed by a single parent or two parents.
The 10 family types include one or two adults with zero to four children. To estimate family costs, we assume one-child families have a 4-year-old, and that a second child is 8 years old, a third 12 years old, and a fourth 16 years old. For more on the methodology used to construct the budgets, see Gould et al.
The shares of expenses going to various categories vary substantially across areas and family types. Unsurprisingly, the lowest family budgets are for a single person. Except for child care in which case families composed of two adults with no children also spend nothingone-person families have the lowest expenses in every category.
For example, they require only efficiency housing and only need to purchase other items, such as food and health care, for one. Budgets rise significantly with family size, since more children require more housing, food, health care, and child care. What it takes to get by varies greatly across the country, as displayed in Figure A.
Figure A Annual income necessary to secure a modest yet adequate standard of living for a two-parent, two-child family, Note:Are you about starting a daycare (child care or creche)?
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