How you can save when childcare costs are high

Jenny Goff (right) cares for a child at Central Park Child Care Center in Vancouver, Washington.

Ariane Kunze | The Colombian via AP

Childcare costs in the US have risen and many families are spending more than the government considers affordable.

According to one study, two-thirds of parents, 67%, spend 20% or more of their household income on childcare Current report by, which surveyed 3,000 US parents. That’s up from 51% who said they’ll be spending that much in 2022.

While 79% of families expect to spend more than $9,600 per child this year, many are spending significantly more. On average, families spend 27% of their household income on childcare, which means 59% of parents surveyed spend $18,000 per year per child, according to

For the perspective that US Department of Health and Human Services considers 7% of income to be affordable for childcare.

“Childcare takes up a disproportionate share of household income, and a decade of rising childcare costs should be a wake-up call that the system as we know it is utterly failing the vast majority of families,” wrote Tim Allen, CEO of , in an opinion.

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Why are childcare costs so high?

How to plan childcare costs in advance

Some families rely on their friends and family members or even move to be closer to family. Others work multiple jobs or adjust their work schedules, found.

Financial advisors say there are several other ways parents can plan ahead to help cover childcare costs. Here are a few things families should be aware of: How you can save when childcare costs are high

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