2 ms·
Childcare and healthcare costs are really the big two. 100k is an awesome salary for a young single adult in most of the country. 100k is much less awesome wh
by horsawlarway 2y ago
Childcare and healthcare costs are really the big two.
100k is an awesome salary for a young single adult in most of the country.
100k is much less awesome when you pay $3200/m for daycare for two kids, and $890/m for family health insurance.
- saguntum 2y agoYeah, childcare costs are absolutely brutal nowadays. We are lucky enough to be able to hire a nanny 3 days a week with grandparents caring for them 2 days a week with young children. Daycare costs so much that this situation ends up being cost competitive. Cost of living in my Texas city is about 10% lower than the national average, but I have friends shelling out $1400/month for 1 child. That's more than my mortgage payment from a house we got in 2020. I haven't done looked at the FRED graphs, but I wonder how much people leaving the labor force due to the math not working out for childcare costs is happening. I am sure these numbers seem kind of low to folks living in high cost of living areas, but the median household income here is just over $60K.