It is probably safe to say that some businesses will never go out of business, such as child care providers. However, some businesses will adjust their model to keep up with consumer spending changes based on the economy.
Child care doesn't seem to be one of those businesses. Despite how poorly the economy is doing, child care cost is rising. That's according to a report released Thursday by Child Care Aware of America.
The report sent to media outlet, states that the cost of child care continues to increase while families struggle economically and with the ability to afford quality care.
The report titled: Parents and the High Cost of Child Care: 2012 Report provides results from a survey of Child Care Resource and Referral State Networks and local agencies, which asked for the average fees charged by child care programs in 2011.
The average cost of child care in 2011 for infants, 4-year-olds, and school-age children in centers and family child care homes nationwide, is highlighted in the report.
The most affordable and least affordable by states is also outlined in the full report.
Click here to read the full report.
Child Aware Of America