A Brooklyn dad, Mark Popham, recently found out that, not only is it expensive to live in New York, but it's also pricy raising kids in the Big Apple. Popham was searching for daycares for his soon-to-be-born daughter, when he was shocked to find out exactly how much a daycare center charged in his neighborhood. Being that Popham has a huge following on Twitter, he immediately posted his findings. Well soon enough the tweet went viral.
According to the tweet, the cost of one child attending, this new Brooklyn daycare full-time, would cost the parents just north of $2,800 per month, which ends up being around $34,000 per year. In Popham's tweet, he sarcastically joked that it was as much as his rent. As a New York parent, this astronomical cost can be a hard pill to swallow, but you suck it up, and pay the bill just like you pay for every other expensive thing in the state. That is until you find out how much the daycare teachers make.
The average daycare worker, in New York, makes $29,000 on the low end and around $42,000 on the high end. According to research, by Dun & Bradstreet, there are roughly 54,000 commercial childcare facilities nationwide, and those 54,000 facilities are estimated to make about $27 billion combined annually. The numbers just don't add up. This tweet has brought to light how poorly the people who help us raise our kids are paid.
Many parents would love to be able to stay at home with their kids, or to have a close relative take care of their kids. Unfortunately, this isn't always possible and daycare becomes the option. Once it's determined that this is the route that your family is going to take, you want to find a facility that you like as well as teachers who you trust. Because the teachers are underpaid, this can be difficult. Not only is it hard for daycares to acquire good teachers, but it's difficult to retain them. To be honest, a frustrated teacher will easily quit his/her job if it's not monetarily alluring. Keeping wages low, is only helping daycare centers make higher profits.
Credit: Google Salary Estimates[/caption]
If you've ever walked into a daycare facility to pick up your kid, you've probably thought at some point in time, that the daycare workers were saints. For most parents, keeping your cool all day with just one or two kids can be difficult, let alone 10. Daycare workers do it every day. For many households, the monthly daycare bills make up a large portion of their monthly expenses. While you may not know exactly where the money goes, you hope that the people in charge of taking care of your little ones get their fair share, but unfortunately that doesn't appear to be the case.