U.S , Ireland and Canada the most expensive for Child Care

[Tennis]

http://www.cbc.ca/news/business/oecd...commentwrapper

Canadian families spend almost one-quarter of their income on child care, a ratio that is much higher than in other parts of the world, the Organization for Economic Co-operation and Development says.

In a wide-ranging report on the status of young people around the world, the group of wealthy nations found Canada to be among the most expensive for daycare among its 35 members.

Across the OECD, the average two-income family spends about 15 per cent of its net income on child care. In Canada, that ratio is as high as 22.2 per cent of net income. That's higher than all but five countries that the OECD monitors. The U.K. led the way, where the average two-income family spends 33.8 per cent of its money on child care.

Spending on early childhood education pays for itself, TD Bank says
The figure would be even higher were it not for government subsidies and rebates.

And single parents, not surprisingly, fare much worse. Single parents in Canada spend, on average, almost a third or 32 per cent of their income on child care.

Only two countries — the United States and Ireland — fare worse than Canada, with ratios of 52 and 41 per cent of single parents' income on child care.

Disincentive to work

"Such high costs are a strong deterrent to employment," the paper says. "It may not be financially worthwhile for both partners to work, especially in families with several children."




The OECD says child-care costs are a major issue for young people, since many are forced to take time away from the workforce while their children are young. "It is usually the mother who stays at home," the report says. "Resuming employment after some years out of the workforce is difficult, and women often face wage penalties upon their return to work."

That's bad news for those families, but it's also bad news for the economy and society, as they pay less tax and have less money to spend.

The group says it's a particular issue for what they call NEETs — a term for young people of working age but who are "Not in education, employment, or training." It's a demographic group whose members are at risk of becoming permanently unemployed as they go through life, and likely to pass on that status to their offspring.

Child-care affordability varies widely across Canada
The OECD singles out affordable child care as of the easiest and most affordable way of targeting and limiting the number of NEETs.

"NEETs are not only more likely to have lower educational attainment and skills, but are also more likely themselves to have parents with low educational attainment and parents who are out of work," the OECD said. "Ensuring access to high-quality child care can, therefore, help to break the cycle of disadvantage from one generation to the next."

The paper singles out a number of programs for having shown quick and easy benefits:

In Denmark, municipalities are obliged to offer all children older than six months a place in publicly subsidized child care.
In Sweden, municipalities must provide at least 15 hours of childcare per week to children over one. This obligation rises to full-time hours in cases where both parents are employed or in education.
In Iceland, the government provides greater subsidies for single parents needing child-care spaces.

What a sad state of affairs!
Many of these countries with the most expensive childcare need to provide much higher subsidies.

I also like these comments. Too many self centered people these days.

Isn't child care one of the things you are supposed to spend your money on? Isn't that the purpose of making money, so you can spend it on the important things in life, like your children?

Make a sacrifice and have one parent say at home with kids. Your kids are way more important than a career. Most parents are so selfish these days.

[GennGreymane]

But @Tennisace

What can we do?!?!?!!?!?

[Tennis]

But @Tennisace

What can we do?!?!?!!?!?

As parents we must ensure we plan properly and in advance so if we are blessed with children that we can adequately provide for them.

[Deleted]

What can we do?!?!?!!?!?

Don't let poor people have children?

[Spectral]

I don't see why anyone would be surprised that nations with high-cost labor would have high-cost labor in the context of a specific low-skill sector.

This is a weird paragraph:

The group says it's a particular issue for what they call NEETs — a term for young people of working age but who are "Not in education, employment, or training." It's a demographic group whose members are at risk of becoming permanently unemployed as they go through life, and likely to pass on that status to their offspring.

How is child-care a problem for this group? If you're not working, going to school, or otherwise training, be a decent parent, take care of your kid, and take pride in doing so. This group should have the least trouble with child-care.

[Arewn]

I don't see why anyone would be surprised that nations with high-cost labor would have high-cost labor in the context of a specific low-skill sector.

This is a weird paragraph:

How is child-care a problem for this group? If you're not working, going to school, or otherwise training, be a decent parent, take care of your kid, and take pride in doing so. This group should have the least trouble with child-care.

How shocking. People who don't work have trouble affording things!

[Aeluron Lightsong]

How shocking. People who don't work have trouble affording things!

Well I think the US have more problems then Canada anyways

[Wyrt]

You mean the Irish don't just drop their kids off at the pub before heading to work?

[jellmoo]

In Quebec daycare is heavily subsidized, indexed to the combined salaries of the parents.

[minteK917]

This is a weird paragraph:

How is child-care a problem for this group? If you're not working, going to school, or otherwise training, be a decent parent, take care of your kid, and take pride in doing so. This group should have the least trouble with child-care.

Its not what happens in the real world. Their children simply micmic their poor parents and also become welfare recipients.

[vindicatorx]

As parents we must ensure we plan properly and in advance so if we are blessed with children that we can adequately provide for them.

Or perhaps you should only have children when you can afford them. That and as a person who has been personally working on a new subsidy system for North America's largest childcare provider I can tell you a lot of these parents aren't paying anywhere near what you think they are. For my state if you have 2 parents and 2 kids and make less than $3600 a month you get government aid. Roughly 28% of all families in the US are getting subsidy assistance. Kids are not cheap, they shouldn't be either. If you want kids make sure you can afford them.

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In Quebec daycare is heavily subsidized, indexed to the combined salaries of the parents.

it is in the US as well.

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How shocking. People who don't work have trouble affording things!

actually the funny thing is those people get like free healthcare almost to promote them getting a job. If they make less than 175% of the poverty level in income they can get almost free childcare.

[Tennis]

Or perhaps you should only have children when you can afford them. That and as a person who has been personally working on a new subsidy system for North America's largest childcare provider I can tell you a lot of these parents aren't paying anywhere near what you think they are. For my state if you have 2 parents and 2 kids and make less than $3600 a month you get government aid. Roughly 28% of all families in the US are getting subsidy assistance. Kids are not cheap, they shouldn't be either. If you want kids make sure you can afford them.

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it is in the US as well.

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actually the funny thing is those people get like free healthcare almost to promote them getting a job. If they make less than 175% of the poverty level in income they can get almost free childcare.

What does afford it mean? That's arrogant to suggest that only the wealthy should have kids.

[vindicatorx]

What does afford it mean? That's arrogant to suggest that only the wealthy should have kids.

afford
[uh-fawrd, uh-fohrd]
Spell Syllables
Examples Word Origin
See more synonyms on Thesaurus.com
verb (used with object)
1.
to be able to do, manage, or bear without serious consequence or adverse effect:
The country can't afford another drought.
2.
to be able to meet the expense of; have or be able to spare the price of:
Can we afford a trip to Europe this year? The city can easily afford to repair the street.
3.
to be able to give or spare:
He can't afford the loss of a day.
4.
to furnish; supply:
The transaction afforded him a good profit.
5.
to be capable of yielding or providing:
The records afford no explanation.
6.
to give or confer upon:
to afford great pleasure to someone.

Most of these will do. You have a child it is your responsibility not mine. I should not have to pay for your kids just because you decided to spread your legs and pop a few out.