Why Daycare Is So Expensive In America
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- čas přidán 8. 05. 2019
- Child care costs vary from state to state, even county to county. But there is one common thread across the country - it's really expensive. Both parents and child care providers are struggling to make ends meet with the rising cost of child care.
Raising a kid in America is expensive. The cost of child care has nearly tripled since 1990, which is more than the overall rate of inflation.
The price families pay varies from state to state, even county to county. But in many places, it costs more to send a toddler to day care than it does to pay for housing, transportation or even college tuition.
There is good reason child care is so expensive - it's a very involved, labor-driven industry.
But the tension around the cost of child care in the U.S. really boils down to who foots the bill. In countries like Denmark and Sweden, the government covers much of the child care costs. In America, the costs are generally shouldered by parents and providers.
Federal child care funding in the U.S. has been in a perpetual ebb and flow in response to cultural values. During World War II, the federal government came the closest it's ever been to having universal child care.
Now, with the 2020 election coming up, some candidates are making it a priority.
Watch the video above to learn about the history of child care in America and how rising costs are impacting families today.
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Why Daycare Is So Expensive In America
I had to stop one minute and 30 seconds into this news story. You are interviewing the WRONG people. This couple has financial choices. They choose to pay $5,000 for rent, then $5,000 for child care. I hope you have interviewed real working people.
that's exactly what I thought. My wife stayed at home once we started having children (left a six figure job with a long commute), though before we had kids she thought she could pull off both, in the end, she realized she didn't want other people raising OUR children. I worked longer hours and boosted my income, we tightened the belt, and figured it out. If I tried working at a business making zero money, I'd get kicked out of my own home, it would be a reckless move, my wife and I understand basic economics.
Regina Johnson agreed they keep choosing the wrong people to interview. It’s one extreme to the next.
I remember this Diane Sawyer clip “my reality” middle class Americans struggling.
czcams.com/video/Hhh0Qcl_yMA/video.html
The husband is out there working 3 jobs, and the mom stays home.
In both cases it’s obvious the mom should use her college degree and find a job that will cover reasonably priced daycare and help pay the other expenses.
In this 2 income economy it’s a luxury to get to stay home with the kids.
Real working people should not feel entitled to tax payer dollars either !!!
Agree
But look at them starving in that nice NYC apartment. Girl you just don't know how hard it is to have nice things AND pay for child care. 😒
Why are you interviewing a family with a financial adviser?? Interview a nurse and a construction worker family for a change...
Isabel yes I ageee
I think the point they've making is that even this family is barely making it by because of the cost of childcare.
@@chellestan
Exactly, and they said it varies, they are *not* trying to put this couple as a default.
You guys in US need socialism.
(for real)
@@aleka.. They have some socialism, the problem is it is corrupted or only for corporations.
They interviewed a single mother that didn't have a all those advantages.
She left her job to start a company about being a mom, without doing the mom stuff?? Does not compute.
And she doesn’t take an income home and yet she’s paying for childcare 🤣
She’s spoiled and entitled. I’m sure she’s a stressful person to live with.
Right. She pays someone else to take care of her children, which she seems unable to do herself, and then wants to advise others on how to be a mom.
@@lucasdarianschwendlervieir3714 Daycare makes sense for working moms that are drawing an income and can’t easily get leave from their careers (or prefer to work). But she isn’t earning any money and therefore it’s costing their family $5-$10k per month for daycare when she had the capacity to take care of them for now.
@@fi-train8961 She doesn't make any money. She's not a working mom, she's a volunteer.
Wasted 20 minutes hearing a privileged family complain about expenses that are self inflicted.
Amen
Thanks
I had to check the date this video was published to see if it was an April Fool's joke.
OMG! Yes!
I’m 30 seconds in and I agree wholeheartedly. Have stopped watching it.
The best part is the super rich family has a 'financial advisor' yet they make the most incomprehensibly stupid financial decisions ever.
The financial advisor is also a elf spotter.
@Laura C Ah, capitalism at its finest!
Totally
To be fair financial advisors have some of the lowest requirements so having one means nothing tbh or maybe the clients didn’t listen 😹
@Laura C all a financial advisor does is make suggestions, and I am certain that their financial advisor did not suggest a $5000 per month apartment and a $5000 per month daycare to a one-income, $100K per year couple. Even if he did, financial advisors ADVISE. They don't COMMAND.
Having three kids, living in Manhattan, quitting a job to work for free (while the spouse works at a nonprofit), are all terrible decisions.
Not to mention pay $5,000 in rent on their income. Move to the suburbs.
Correct.....be responsible in your decision making. Ultimately , the kids suffer.
@@darrellmccall6100 your right..maybe the solution is teach them how to handle money..
Best part is that they are pushing a $2,000 stroller from Bugaboo 😂
also privatizing childcare was a terrible decision. we need to be more like sweden
So the family interviewed is paying $2100 a kid in babysitting yet the mom stays home 🤔 am I missing something?
Nope, god I hope those poor kids don't grow up to see how little their mother actually loved them.
Basically, classic CNBC nonsense interviewing people with small brains and terrible financial decision making.
Someone send her to Asia to earn some parenting skills.
@@FishAnvilwhat makes you think the mother don’t love them ?
The mom stays home and works so she can’t fully attended to her kids this she sends them to daycare
As an ex Day care teacher, I can tell you, the amount of money these parents pay is insane, but what's more insane is the way the teachers are treated by the parents and directors of the centers. Horrible pay, and total disrespect.
Being a day care teacher always seemed to me like a lovely job but i would never be able to afford a house in my country:/
@@xijinping1474 Do you live in China.?
@@jathebest2835 no the netherlands haha. You need 12 times the average income here to buy a house
@@xijinping1474 Dang it. My country, Korea is in the same situation. It's not easy for young people to buy a house especially if they live in a big city like Seoul. Basically life sucks for most people even including some super rich people. Hope you do it well in the Netherlands which is a beautiful country.
@@jathebest2835 thank you! And your country is beautiful too:)
If one partner makes 100k and the other makes none, but spends 60 a year in daycare, I feel like the one making none could save 60k a year by staying home.
Well there you have it. Hit the nail on the head.
People on welfare and begging for more are those with low I.Q.s.
@GamingTV Notice that I said partner, not wife. If she could go back to work and make more than him, she should. And we do need to value her time/labor as well. If she took on the responsibility of daytime childcare, it would be like a bonus in the family income of about 60k/yr. There can be a stay at home partner without it devolving into sexism, like in your comment.
I was thinking the same way or do home school. The thing is if they live in NYC, most elementary schools would prefer and admit kids that has gone to a preschool. I work in this world so I get it but like move to Brooklyn or Queens! I’m sure there are more affordable areas here. I live in Manhattan and I’m an After school and enrichment school provider and worked as an admin in the preschool setting
Garrett Pierman thank you!!!😁 he didn’t even know how to spell chauvinist🙄 and actually thinks in today’s current economy, it’s “overly ambitious” for women men to want to work and make income.
Yeah, but the average person doesn't make 100k a year
" rent is $5000 , daycare is $5000 for 3 kids" okay so you choose to live beyond your means on no salary and no actual jobs and start a business with no pay back ?
Agree
RIGHT?! 🤦
Real talk
It seems like they found one of the most ridiculous examples for proving their point. Daycare is not $5,000 a month for the vast majority of people. It is probably some special day care where the rich or famous send their kids. They need to redo this episode with regular folks.
@@BurgundyandBlue1111 Before and after school care in my tiny, middle of nowhere town came to 2k/month for me and one sibling, I have no doubt that it could reasonably cost 5k for all day care in NYC.
That being said, why would you still live in MANHATTAN?
Day care centers charge so much but they pay almost nothing to the workers who actually take care of those kids.
Facts!!!!
And may even charge parents when they take off for vacation and aren’t actually taking care of the kids so the parents gotta pay them and someone else to actually watch them
The responsibility of taking care someone else's children must be expensive
@@bryanmiller476 You're paying to reserve your child's spot, which is addressed in the paperwork you sign when you enroll. If they didn't charge and someone else came along to fill your child's unreserved space what would you do after vacation?
Imagine how much it's going to cost with so many centers closing down permanently and many people who have worked in childcare for almost 20 years looking to get out as we were treated as if we could just get covid and deal with it, there are more people leaving than coming in, because even with a degree the pay is very low, imagine going to college for a bachelors degree and making maybe $16 an hour if you're lucky, with little to no benefits etc and having to deal with abusive from children and parents alike. A lot of us think the industry is going to collapse.
Literally everyone in the comments section can tell you the mistakes these parents are making. Expensive childcare aside, they have made extremely poor financial decisions.
Wrong family to try and prove this case. They make enough money to make better decisions.
Dear god I couldnt agree more. This example is horrid.
New York City isn't a cheap place to live in my friend.
The point ppl seem to miss is the fact that they can afford the rents and such but yet they're in a pickle due to the high costs of daycare.
@@jerryh.1400 she also makes no income...
@@dtcanxz Yeah well that's just her ego, started a business and makes no salary. Instead of sucking it up and getting a job to make ends meet she doesnt seem that interested in helping herself/her family.
‘When the money runs out in a few months I have no idea what to do’... here is an idea: take care of your own kids, or get a real job and move to a more affordable city. There are honestly people with real problems. Single mothers who work 3 jobs. Im not even going to finish watching this. This intro spoiled the whole thing. Remake please.
They had a single mom on there but she only got a phone interview. I would’ve spent more time with the single mom and then found a joe everybody couple like a teacher, nurse, police officer, etc. They ruined their video by picking the wrong example.
"We need state funded child care because some rich New York housewife who doesn't make any money doesn't want to be a stay at home mom."
What
And then they always point out "well Denmark and Sweden and Finland all get childcare paid for by the government, so why don't we?" Because those citizens actually earn those benefits by paying like triple the taxes we do.
Excellent case for staying home with the children. If I'm gonna have to budget and struggle, I rather be the one raising my kids, not paying someone else to do it.
AMEN. Career is worthless compared to raising a family. The second my baby cries I can feed and or change them, I wouldn’t give that up for more money!!!
Exactly
Yes, but what if you don't have a choise. Poor women are always over looked.
@@marciamartins1992Poor women shouldn't have children. Poor women need to focus on birth control. It's selfish and unfair to bring a child into the world only to raise them under poverty.
Most normal people can't afford to hemmorag $5000 a month. Yet alone to pay that amount in rent. Use a normal family and remake this video.
well hell it makes even more of a point because they arent poor and they STILL cant afford childcare.
@@kasualbeauty309 You've got a point there.
His income can't bare pay mortgage which is rediculous.
Kasual Beauty
What’s the women doing? She should be a stay at home and look after the kids instead
100k in NYC isn't really that much, their rent is 5k a month.. And he's the sole breadwinner.
“My nanny called in sick”, “my rent is 5k and my daycare costs 5k”. Apparently they’re trapped in the most expensive city in America.
Is this a joke????
I mean, it's Manhattan. If they left and moved someplace cheaper they would get paid less or possibly not be able to get a job in their field. Like, this is how metropolitan areas work.
it's laughable!!!
@@HaShomeret they could go live in a suburb outside Boston and commute in to work and save tons of money and still get paid the same in their field, seriously.
HaShomeret if they lived in Staten Island and took the ferry they could save so much. Or jersey. Manhattan is prob the most expensive place on the world except for like luxury cities like Dubai
@@habenwlibanos6144 Yeah you know what, your right.
The people teaching your children 0-5 years are doing a job. They should get paid fairly for doing their job.
And we don't, which is why more people are leaving the field than entering. We were on schedule to hit a teacher shortage in 2020 prior to COVID, with many centers shutting down and us being treated as expendable (Public Schools closed but we are expected to remain open?) more people are trying to leave this field for good, I am hoping to take some classes to learn a new profession, if I can get out of this field I will never come back.
@@rach2111 This seems to be an international problem - we've been saying the same thing here in the UK!
@@rach2111 Have you thought of doing in-home? I do. I keep my numbers low enough to not need certification.
I dont even make 5k a month.
Exactly!
I'm not sure they could've found a worse example.
The husband was what - all I heard was ART and NON PROFIT and my brain short circuited. HOW is that even a job !!!!!!!!!
Three kids in NY !!! NOT a lot of New Yorkers can relate !
@@mmspost7921 that's not the worse part he makes 100k a yr after taxes so that's fine the worse part is the mom has a start up that's making her unable to watch her kids that is not profiting at all she should definitely drop that and pick it up once her kids or old enough OR get an actual job
@@roslyngordon4596 Exactly. My wife and I raise our kids without child care. She works part-time 3-4 days a week evenings, I work full-time days. We are also lucky enough to live close to extended family who are willing to help us out every so often in a pinch.
@@roslyngordon4596 or maybe move to a nice suburb in the South where they could live a great middle class without never having to worry about money if the husb could find a job that paid even half of what he currently earns.
Did she say sell our stocks!? Yeah, these were the wrong people to interview.
Btw love the Franny picture
Eh... stocks are a pretty good way to liquify assets, even for the middle class
@@danielblack4190 I have gold buried in my backyard
I can’t feel bad for them. My dad did grad school and worked full time on a teacher’s salary while my mom worked darling mornings at a hospital while raising 3 toddlers . When you breed them you need to feed them. Child planning is key to financial freedom.
@@danielblack4190
He makes 100,000 a year...that is a great paying job. The reason its so expensive is because they live in NY!!!! rent is high there. Im surprised they didn't consider child care before having children...
I got a tubal in 1983 when I was 27. I was finally able to afford to go to college, and I wasn't going to ruin it with a pregnancy and a child. I've never regretted it.
Now you're 67 and lonely and lying to people online that you're happy. Good for you.
@@Ricky_Spanishh Yeah, you know SO much about me. Remind me again when we met. I am EXTREMELY happy. My best friend, on the other hand, spends much of his time worrying about a drug-addicted son who seems to have disappeared. Yep, that's joy all right.
@@do9138 you hit the wall and you're crying in your old age.
My wife and I spent over $100k on childcare, raising two kids living just outside of Baltimore betwixt 2013 -2016. We worked hard, I put together a side hustle, we paid the bills & kept moving forward. The concept formerly known as *_personal responsibility_* must be dead, buried and all but forgotten - for it is never mentioned. If you plan to have children, you first must consider how you're going to pay for their care, especially during the early years. If you cannot afford child-care costs, and you're still raw-dawgin, take some *_personal responsibility_* and get up on some proper birth control.
Why don't we hear more from Nathan, Rebekah's husband? We never hear his thoughts one-on-one, about the state of the family expenses? Actually, we never hear Nathan's thoughts about much of anything. The conscious decision to spend $5k/month on childcare whilst spending $5k/month for an apartment, as part of the family budget, prescribed by a woman who is "afraid to discuss it with her broker", is a recipe for disaster.
"The concept formerly known as personal responsibility must be dead, buried and all but forgotten - for it is never mentioned", and yet you're proud to send (and spend 100K) your greatest responsibility i.e your children in the care of strangers, what a ridiculously bizarre mentality.
@@Claude-Vanlalhruaia Huh? Never mentioned sending my own children to the care of paid strangers. My Mom watched my children everyday. In exchange, we paid for her house to be remodeled after they started in school.
*_TRUST !!_* ♂≠♀
Wait...stop...am I suppose to feel sorry for a person who voluntarily spends 5k a month on daycare to go to a job that pays nothing? Do your hobby when your husband is home.
"Man, I had no idea NYC was so god damn expensive" - said Nobody. Ever.
Haha, right? It's one of the most expensive places on Earth, why do so many people insist on living there?
Actually you can get an apartment for a lot less than 5K. I think they chose a very expensive apartment. And if she doesn't get any money for her job she can easily stay home I take care of her kids still young enough they don't need daycare.
I have one child. ONE. That's enough for me. I'm lucky enough to have an amazing sitter at a flat rate only on days I need her. If I had a second child I don't think I could keep her...then I'd be stuck between a rock and a hard place. So I don't have another one.
You think that's bad, a low income San Francisco is $110,000.
Don't forget no one what's to live in the ghetto, specially parents
CZcams: Can I offer a video on a "privileged family complaining about their self inflicted expenses" in this trying time?
My wife stayed home 5 years when our kids were young. She has a Masters degree and did some consulting for 10 hours a month. It was enough to keep her mentally stimulated, and found a higher paying job in 3 weeks when our daughter entered 1st grade.
Um... you have a spouse that doesn't work... she could take care of the kids and you'll save $5,000 a month
exactly. screw your business if it doesn't turn a profit. it is not a business if it doesn't make you enough money to survive.
Simply
This is exactly what I was thinking!!! My childcare for one kid in Idaho was $700 a month. So if/when I was working, that was doable. But if my child care was more than I was making, I wouldn’t keep doing it.
I run a non-profit, don’t collect a paycheck...why would I make a negative when there doesn’t need to be one?? I have four kids, you can run a business or non-profit from home and save 5k a month. Or not work!! Or work in the field that you were in prior so you can pay the bill.
I don’t feel this is a good story portrayal of an actual average family in the US
@@NatashaBeZombie well-said. You've got to put the kids first. I don't really buy myself new clothes or toys these days, it all goes to the kids. Sure, I can afford it, but I'd rather prioritize getting them new goodies. Recently, we broke ground on our new Pool and SPA, we'd rather have things for them than ourselves. The rest goes to savings. I must admit that we do an Adult vacation at least once a year, usually international. It is all about the choices we make.
@@jessicaphillips5301- exactly, I know people barely scrapping by thanks to high childcare cost and can't rely on family to help out with the little ones. None of them are working at zero-salary start-ups.
If she is not making any money, stay home and save $5000
She must hate her children.
This is the result of people being told 'you can have it all'. Three kids is extremely expensive.
What scares me is that, she truly believes that her "struggles" are real... no matter what, no matter what you say, she will still believe she is being oppressed by this "unfair" and "exploitative" system...
You don’t spend 5k a month on rent and then complain about childcare. Move somewhere cheaper.
Jack0613 🙌🏽🙌🏽🙌🏽🙌🏽
No just work from home
I wonder what kind of home they got for $5k a month
As soon as I saw the note on screen they were living in Manhattan I said ‘Yikes!’ And I was right.
Then the husband likely would not make the same salary although they should consider moving to jersey and taking the ferry
Childcare in the US is a real problem and they trivialized it by using this couple.
the minute where she said they have to pay the child care workers well....yeah $9.00 an hour. terrible wages
superfuresh capitalism is the ultimate birth control.
Fr I cannot feel bad for people who sold there stocks because their financial advisers told them to. Must be hard to have an emergency fun and actually use it.
This is not an issue of "not being able to afford kids." That statement is showing what the true issue is, it's a cultural issue of not accepting children in a realistic way and not accepting them as part of the culture.
People are truly being taken advantage of, although not in the above clip, that's their own choices that they made, but, maybe they were rudely edited to cut out their main points.
@@SRose-vp6ew Your points are interesting. Can you elaborate a little more?
Since she's bringing in $0 per month why can't she watch her own damned kids? Does she really hate them so much she'll bankrupt her family to avoid having to spend time with them? Feel bad for the husband, having to support her delusional spending. Is that why we need socialized child care? So moms without jobs can live beyond their means instead of taking care of their own children?
This wouldn’t be an issue if people actually took care of their own kids.
Using a New York family as your example isnt the most indicative of the country. It's expensive just to exist in NYC, let alone care for children.
Yeah, not the greatest example.
They’re doing this on purpose so they can use it as an unrealistic example of why the govt should pay. Why should tax payers pay for her kids? She doesn’t have a job!
@@kimberlyy911
I don't understand why people have kids and then complain about the costs! She has THREE and should have thought about the financial implications before she had them. It really makes no sense.
@@americancreole6299 The thing is, this couple (she's not a single parent, remember) _can_ afford those kids. They're choosing to stay in this position, unlike most people struggling to pay for childcare. That's why I object to using them as an example.
@@kimberlyy911 here is a realistic example. My husband and I bring in 150k a yr combined. My monthly income alone is the exact price of childcare a month in California. You must pay for all days even days they don't attend.
Maybe this family’s problem is the fact that they live in Manhattan. 🤦🏻♀️
Exactly.
Dressing Dallas it is but people should live in any part of the world not have to spend that much on daycare
@@Anna-ie6wt My dear, Annabella, it is not about how much you spend on daycare, it's about looking at your situation and do what's best. If she moves to BK, Queens, BX, SI, or Jersey, rent would be 2000 to 3000. She stays home and takes care of the kids herself, tadah~~~ suddenly they have money again.
If you have to pull from your savings to finance your life, you can't afford your life. They need to rethink their priorities and start living within their means, even if it means leaving NYC.
It should be ....”why daycare is so expensive but teachers don’t get paid much”
The video covered how daycare centers are barely profitable or often are not profitable. 11:31
Following the state-mandated requirements to be a legal daycare center is expensive due to the cost of the care-givers/teachers. I personally know 2 women who own/owned daycare centers. One had to close her daycare and file for bankruptcy. Another has been trying to sell her business for years because it does not make any money. All the care-givers/teachers from both centers wanted their center to stay open because they were happy to get paid what they were getting paid. I know of no daycare owners who want to keep their business running long-term and this is because daycares are incredibly hard to make money with and require a TON of involvement. It is a special type of business that requires tons of upkeep, maintenance, involvement, investment, and time from business owners while not making any more than a passive investment that requires way, way less involvement.
@@cczsus6513 The concept of area is important even if you are not engineer.
Y'all lost me with the 5k in rent. You can't afford your life.
Yeah so true, like I get that childcare is expensive, but like can't they move somewhere a bit cheaper? And FR do they have to live in New York City, one of the most expensive places in the world...
And I kinda got an impression that the mom doesn't work, so why can't she look after the kids if her husband is making bank.
Right. Do you have to live in NYC? Jersey is cheaper.
@@lakitquana1 jersey is not cheaper.
@@ruthbasna Jersey is cheaper than NYC. I’m sure you can come up with an example where it’s not but in most cases it absolutely is.
@@KingHarambe_RIP not a ton, but yeah. Probably. Montclair vs. Brooklyn?
So the mother has a job that pays $0.00. Why doesn't she quit her "job" and take care of her children?
She's probably hoping she's the Facebook of mommies and will be able to get a bigger Manhattan apartment. Many of us work and hope for better, but in the meantime make sure we can pay rent and feed the family without exhausting savings. She was hoping her business would suddenly fly and save everyone.
The mom doesn't work?
@@admiralsuperior3
she started a business, but the business makes zero dollars therefore she takes in no salary
Margaret Mojica Yeah, why doesn’t she work at home?
@@wnxdafriz you know what they call a "business" that doesn't create a profit (let alone income)?
A hobby. She has a hobby. She can work on getting her hobby business going while she watches the kids, she just has no desire to and plays the victim card.
As a stay-at-home mom it's hard to comprehend any of this insanity. Can't they get a live-in nanny or an au pair? They're ridiculous 😄 🤣 😂
If your husband leaves you, you are done.
Their level of insanity is lower then yours
@@msunje9862 so her solution is to get even further into debt so that in case he leaves, she'll be 155k in debt each yeah instead?
@@msunje9862If there's a chance your spouse could leave you...
Why not...
Just...
Not...
Have...
Kids.
You don't need to have children, and it could leave you with a massive burden, and cause someone else extreme suffering.
I think it's more than that.
@@msunje9862 LOL I'm a SAHW, if my husband leaves me I'm leaving with 50% of his assets, including our house, plus alimony and child support. That is more than the measly severance your boss would give you if he fires you, I can assure you! The mother from the video is earning zero money wit her volunteer "business" yet spends $5k on childcare instead of Savin the money by staying home and then paying a mortgage with that instead that would benefit the whole family. They are just dumb. And this false feminist thinking is only gonna put women in more debt.
What we actually heard: my husband is a butterfly expert and I volunteer, we are rich and can afford childcare 😑😒🧐🤔🙄
Who has $10,000 to take out of savings every month.... like WTF!
I cannot relate.
This is a problem but this is not the best example for that issue.
or u know don't make three children... if u can't afford it
Lynette Math Nerd exactly
Who tf pays 5,000 a month for rent?!!!!
@@ameliaah They're in New York where everything is expensive beyond reasoning.
😐 I don't feel any sympathy for this clueless couple. You have a "job" you can potentially do from home, or a limited time away from home, so daycare shouldn't be used, especially at $5,000/month!! Move to a less expensive home ASAP!
Pure insanity!
“Only have children if you can afford it”, and that’s only about 30% of America.
The worst part is is that day care workers are lucky if they see anything above $13-14 an hour...it’s ridiculous that people spend so much money on child care but the people who take care of them are barely paid
It's where you work . My wife started out 2 years ago at a day care make 16.5 hr now she makes 22
She could just hire a freaking nanny at that price wtf
that couple is just bad at finances why do you have a 5 k apartment , then why do you spend 5k in childcare a full time nanny $15-25 for 10 hours a day for a month costs 2400-4000 .
25*10*20:5000
I'm wondering where her numbers are coming from? It sounds crazy
@@yadid8740 that's manhattan living. my sub 300sq studio costs 3200. That's the cost of having access to good jobs.
@@RedLeaderTrackMaster I'm from az here the living from a studio to a house us any where from 600 to 1300 depending in what part of Arizona and where you live in
y di false. There are great jobs in much cheaper cost of living areas. Your being dramatic
It's hard to feel bad for THAT couple... but for everybody else in America struggling with child care 😓 I'm with you 😓
Bellari Pace yes I am!!!!!!!!!!!
There's something really fundamentally wrong in a "1st world country" like America, when your early childhood educators makes less money per year on average as compared to pet stitter/dog walkers/groomers. That just beyond baffling to me
🙄🤔🙄🤔🙄🤔🙄🤔
Redo this video with an actual struggling family. Ya know, one who doesn't have 10k in savings to save their a*s
You just lost me when this woman said
“” financial advisor “”
The majority of the population whether college educated or not does not have the income to create the need for a financial advisor.
This couple would be considered upper middle class at what their income is and what they pay a month in just rent alone regardless of what city they live in.
You guys are WAAAY WAAAY out of touch with the majority of people in this country if you think this family is representative of the population as a whole.😂😂😂
I know lots of blue collar workers who have financial advisors starting in the mid thirties. They all work in trade type jobs, not college educated, and work hard, spend wisely, and don't live above their means. Being successful in anything, including life, is making more, good, impactful decisions than bad ones. It's a simple recipe but a lot of people really f it up.
@@brockjohnson100 Yep- financial advisors who sit with you on a couch and teach you how to do your own trading like in the tv commercials are for the rich. But financial advisors who will put your money into an investment portfolio and meet with you once or twice a year to give you updates are for everybody who has any money to set aside every month.
@@johnjamele it's mostly just a guy who files your taxes for you
All she needs to do is get a job that pays literally anything or STAY AT HOME. Prob
lem solved, Worst example ever.
I think the wife is more than happy to unload the kids elsewhere during the day. They could hire a nanny far cheaper than what they're paying for daycare.
Or how about the government just provide childcare for everybody?....
Camille F yeah provide for people who actually need it. She really not doing nothing... she can watch her damn kids.
@@camilleonz558 the thing is we'd need to pay around three times what we do in taxes in order to make that happen. People in Denmark, Sweden, the Netherlands and Finland all earn those benefits, they don't just get it handed to them.
When I watched this first time I almost thought of this family as a typical American family. Thanks to the comments I am watching it again and now I can see lots of ridiculous financial decisions the parents made.
$5k for rent and $5k for childcare that's $120k a year but the husband earns $65k how does this even make sense?
burning all of their savings
She’s not taking a salary from her job yet she sends her children to daycare? Stay home. 🤦♀️
Well she quit her job as a lobbyist. I bet that was good money.
Not understanding that either?? Crazy!!!
soccerchick9841 She May be keeping the job so when her kids are older she can get a decent job, not have that big resume gap
Agree 100% and maybe pick up a side gig . I stay home with my kids and sell stuff on Ebay
It's not the 50s anymore. Women have a right to work.
$5,000 rent & $5,000 child care - you have already exceeded the monthly income for most people. That's not even covering food, insurance, utilities, etc
they live on $65000 a year, and pay $60000 in rent. Their lifestyle would not be sustainable if they had NO children.
"some parents are now forsed to stay home and care for their own children" 😱🙄😂
Yeah, the horror!!!!
Lol
Midwest alert, some people have actual purpose, and gifts to contribute to society. They're lives include kids, but their worth is beyond being human incubators. Some people only contribution are new humans. So don't be harsh to them for being an current members of society, instead waiting twenty years.
Oh how tragic for them!
@@sketchsmith21 Wow! I love how you insinuate that being a parent to your children has no purpose or value to society!
I love the totally relatable example of someone making over $100k a year living in Manhattan.
Ians Tech Yet still crashing and burning soooo dramatically.
100k in Manhattan is poor.
Yeah my sympathy runs deep. Give me a break. Spoiled ass yuppies.
@@ineedhoez Yeah... so why do so many people cling to the idea of living there? I just don't get it. If you can afford to move, why not relocate somewhere that isn't going to ruin you financially? I get that Manhattan is a cool place to be, but it hardly seems worth it.
😂 me too. I can like totally relate.
Is this a joke? Hubs is an “art director for an environmental non-profit”? What does that even mean???
TastemyAtrocity it means he makes posters for Greenpeace🤨
Yeah and that non-profit pays their art director 100k. What a joke lmao.
@@gainal9080 And why does an "environmental non-profit" need to be located in NYC?
@@richdobbs6595 because NYC is the wild west of non-profits. Doesn't matter the specialty.
@rich dobbs, that’s not the question to be asked. The questions should be: 1) why does a non-profit pay someone $100k/year? 2) why does a non-profit need an art director?
I've been reading all your comments and all of you are missing the big picture. If you cant afford a child....dont have them. DONE
Just for reference, I live in the country, about an hour an half outside of downtown Atlanta, GA and $5000 a month would pay for a 6500 sq ft home and 15 acres.
From a spending habit, you are in total control. Here are my observations.
1. You live in an expensive area, move to cheaper accommodations.
2. You have an expensive Bugaboo stroller, 3 x Stokke Tripp Trap high Chairs. You can get substitutes for less than half the costs of those!
3. Your dining table is solid wood, looks expensive, why not IKEA?
4. You have a pet dog, a discretionary spend.
5. Apple Macbook and Apple watch, how about a Dell PC and Android watch or a simple watch.
6. It appears you have at least one Baby Letto Crib, again, why not a cheaper substitute from Ikea or Walmart?
7. An finally.........
You guys need to make better financial decisions. You can thank me and fire your financial advisor.
Exactly the advisor needs to be fired! He should be looking out for them and finding them cheaper accommodations so they can stay within their means. They're about to drive themselves into massive debt that's completely preventable. Like do they have any student loans still as well? Who knows how much they're paying for their car. Bro a whole mess. If I made 5k a month I'd be so happy and comfortable even 3k I'd be happy about but these guys.... just....😑
These were terrible
@@cloudedcolour5329 dogs aren't necessary to teach kids all that...
but they NEED those things so they can keep up their elitist image and show off to all their friends and extended family. Anyone in NYC should be automatically excluded as examples for what "American life" looks like.
I noticed the stroller also! 😂 they could be doing so much better by not living in NYC. It's not like he has a great job there! 100k before taxes is basically low income in NYC
$5000 rent+one income earner+one hobbyist pretending to be an entrepreneur = daycare is killing us
should have did working class blue collar workers but unfortunately, no one would watch it especially with this current presidential cabinet. Anything less than $60,000 a year roughly $5,000 a month is considered low income nowadays.
I'm so thankful for my family who always helps me take care of my babies
And the thing is child care workers are paid so little. Where I live they are paid minimum wage and have to manage a room of like 24 kids for 8 or more hours.
I’d rather move to a whole other state than pay $5,000 a month rent, that’s ridiculous
and they don't even have to. They have to move across the freaking river to live in a perfectly nice apartment or even a house for far less.
I live in Montana, big house that’s only a few years old and have almost 30 acres and I don’t even pay $2,000/month for my mortgage.
@@ivandrago1133 Yeah but who wants to live in Montana.
@@TMartins379 exactly
@@ivandrago1133 Montana also does not offer much in the way of higher paying jobs, accessible childcare or schooling, and really though...who wants to live in Montana?
With that being said, its the same issues as what I see where I live (midwest). Fairly inexpensive in regards to rent or mortgage payments, but finding a job or job that pays as much as what someone could be making in a larger city, is non-existent. As an example, I am studying to be an engineer. With a years worth of practical experience, along with an internship or two, I can look forward to 60k a year job..Sounds nice on paper, but factor in childcare, mortgage payments, etc. etc, it gets to a point where cost starts to outweigh income.
Basically, it comes down too, our "system" in the US needs federal support badly.
Blows my mind, she was a lobbyist. She likely was making more than 100k a year. Whoever is making the most money keep your job to support your partner and children. Absolutely bonkers
// Rutledge exaaaaactly
I know right! If she wanted o follow that dream, they shouldn’t of had so many kids! The kids are here now, you’ll have to work
It’s even more mind blowing that she spent her downpayment money she saved to take her kids to child care. Buying a condo or house probably would have decreased the housing price for each month since in NYC owning is cheaper than renting as it is in most major cities
You might not agree with their choices. I know I don't. When you have children they have to come first. I think the point their making is that this well to do family can't afford child care. Imagine a family with minimum wage. What will they do? Probably won't be able to afford children and, in a few years, the population will dwindle and then you'll have to pay people to have children.
Precisely.
Just like any major purchase, plan your budget accordingly. If you can't afford that 50k car don't buy it. If you can't afford kids don't have them. Seems simple to me.
When you show privileged people who can afford care. Let’s see how essential workers have been doing this
Would have liked to see this but with a single parent household who is making around $30k a year and struggling to pay rent let alone childcare
Those families qualify for the Head Start program and receive free childcare. That's why they are focusing on middle class families in this piece. They make too much to qualify for Head Start, but don't make enough to pay it on their own.
SuperMrsMar you have to be able to get in tho. We have been on the lost for over a year. Bc they own all of the daycares in my town. It’s ridiculous trying to find childcare I’d pay but can’t find a daycare around here that’s not income based or is that your not on a list waiting for years.
List* autocorrect lol
SuperMrsMar not all families qualify for head start and head start starts at age three it’s day care for two years until then
I agree. It seems this page has been flooded by people distracted by this one family and who are ignoring the overall problem. I wish they'd focused on the single mother with two children.
Way to pick the absolute worst example family possible
LillyLavine how so?
@@mumfurds I dont think most Americans who are struggling to pay for daycare are working at a job that doesn't pay them!
"Thanks for your support!" ~ CNBC
Too bad she can't have the money back she's wasted on her tattoos
There is more than 1 example in this video, sweetheart. Stop being a victim.
If your husband is only earning $65,000 on net, why are you living in a $5,000 per month apartment? That leaves you with only $5,000 per year to pay for all of your other expenses. That makes no sense.
what's not expensive in the US ffs?? daycare, higher education, health care, housing, bills, repairs and the list goes on and on and on. How do Americans cope up with this is just insane
The video started amazingly :D
"We take 10k a month....whatever my financial adviser does. I don't actually even know because I don't want to know because it makes ill to think about.." Common sense 404
Right? I couldn't even SAVE UP $10,000 in a year...
Thank you!!
404😂😂😂
Live in Manhattan. Goes to work for a job that makes no money instead of staying home and taking care of the kids. Chose to have 3 kids. I wonder why you can't afford child care.
You can't really live in NYC under $100k a year. And thats to scrape by. Move to a lot of other places and you can live like a king on a single income.
@@p51mustang24 The median household income in NYC is only half that, so not only is it possible, the majority of New Yorkers do so. That being said, it would be a struggle for a couple with even a single child in NYC to make it on less than $100k per year.
The reason is she doesn't want to stay home with the kids lol
Typical assholes and typical "news" from the MSM lol
Plus a dog
She carries an LV bag. She can afford daycare for her kids.
Ugh wow
Rebecca, with $0 salary:
-"I" pay for the childcare. "I" want a better life for my children.
Also rebecca with 0$ salary:
"We" have no money. "We" are using our savings. "We" are having problems.
The central question of “why is childcare so expensive” was never answered. The video went over some examples of people struggling to pay for it and of possible government solutions but never actually answered the question. Why did childcare go up in price much faster than inflation?
One word "exploiting"
Since the ratio of child care providers per child in licensed has been standardized for a long time, my guess is a combination of cost of facilities (housing goes up faster than nominal inflation), and more of the market showing up in the licensed facilities in more expensive areas. Might also be affected by fewer folks being able utilize low cost relatives.
Child care workers are still most underpaid. So i have no clue how people think the cost went it. The cost is up because the profit in bewteen the employees and the owners.
They did show how much it costs a crnter to run a daycare. It costs alot! That plus the cost of living = the cost of daycare. She even said that she talked to a daycare providet and she is even lucky if she breaks even.
@@richdobbs6595 So the answer is that cost went up due to new government regulation in regards to child welfare and the housing bubble. I'll take that, thanks.
Its like... I drive fuel efficient Porsche 918 hybrid, i can't afford gas.
jhsung79 I wish I could super-like
Best comment
Huh?
They live in Manhattan the most expensive city in America. They could move to Jersey or Connecticut and cut their expenses by 1/3.
@@Chicago48 it's a poor comparison, and poorly worded.
Choosing to live in the most expensive area in one of the most expensive cities in the world paying for far above-average expensive childcare they can't afford is simply irresponsible by the parents and has nothing to do with the issue at hand.
She is definitely one of the most incompetent people I’ve ever seen in my entire life, seriously how???? HOW?????????
Problem is obvious. It's the wife who brings in nothing and doesn't do the childcare.
This family is the worst profile. She’s a mother of three in nyc and she’s volunteering. Get a real job and maybe you wouldn’t have to live on your savings.
Or don't have kids... if you don't have the means....
BP I think everyone if are ready, able, and mentally stable should have a child if they can. One at least. But not working, living off one income and having 3, they set themselves up. What if they get a divorce. Then what would she do?
@@vigorlilover If someone can decently afford and raise 10 kids, go for it... if you can't, dont have kids...
Or move out of nyc their rent ate their salary
Or be a stay at home mom so you don't have to pay for childcare simple!
Here's a wild thought, raise your kids yourself. The irony that you're losing so much money because you don't want to raise your own kids over a failing startup based on motherhood is palpable. They're spending 10,000 dollars a month, and only make 100,000 a year. Ok, don't spend 5,000 on childcare. Now you have around 4,000 dollars a month after all of your other bills and food to spend on WHATEVER YOUR HEART DESIRES. Save that money for your children's college, use it to pay for their school programs and sports. Drop the bs startup that will never go anywhere, stop hemorrhaging money, and take care of your damn kids. You aren't working and your husband is making more than enough money to keep all 5 of you sheltered and fed with a couple thousand dollars left over. I hope her kids don't grow up to see this documentary and realize "Wait, we didnthave any money and we lived in a shoebox because mom hated us so much she couldn't take care of us while she wasn't even working?" Don't spend money you don't have, and raise your kids on your own.
As a side note, to suggest that the government should pay for childcare because they do it in denmark and sweden is so disingenuous and misleading. Wanna know why the government gives mothers and fathers lots of paid time off? Because they pay hundreds of thousands of dollars more in taxes than we do. Be honest about the give and take.
The start up is making money, just not enough money. Why would she have to give up her dreams, when she can have better way to mange this by having nanny. Why should she have to change such ways.
Funny how you do not suggest to alter the ways of the father though
I pity your mother, you must think she can not have dreams and projects. This is what happens when society thinks only males can dream to continue their jobs and career while mother should only be locked into being mothers only
She is working, her earning less money don’t mean she is not working at all. You belittle her job bc she is woman and is making less. You want her to give up her dreams while you have zero of that mindset for the husband
This is what happens when you raise entitled and sexist males. They think mothers having their own dreams is being hateful
If the mother stays home and looks after her own kids, even take in a kid herself, she'll be in profit. It's not rocket science.
You bring 0$ into the household
go home and raise the kids
I feel like I’m taking crazy pills
“I feel like I’m taking crazy pills” Anthony Macaluso hahahahahahaha I am literally dying. I’m using this line myself for everything 2020. It’s great
thanks for the laugh
People are insane
Perhaps that’s her sanity? I was pressured into being a SAHM and my brain is mush and I no longer have life goals.
@@mutoidliz2320 Then at least she could get a job that actually pays. I mean it's fine to want to start a business, but to do so right after having 3 children(which is a poor choice in and of itself given the financial situation) is just a bad idea.
Fact of the matter is, they didn't just make one poor financial choice. They made at least 3.
Living in NYC
Having 3 children
Starting a business that doesn't earn a profit (over working a regular job)
Any single one is fine and is something one can work through. But together? It turns into a typical "I torpedoed my family's financial stability and let's blame society"
Also, the primary reason people are pushing her to be SHAM instead of him being SHAD is because she earns less. If he earned less, I don't know about others, but I'd push for him to be SHAD. Fact of the matter is, if the lower earning member of the two parent earn less than the cost of child care, that member should stay at home instead, regardless of gender.
The daycare teachers don’t get paid enough!
that’s the truth Amanda
So so so true!!!!!!
Yep
Amanda Jones So true! I’m a preschool educator and you are right. I live in Canada so it’s a decent pay but it could’ve been a bit better. It’s not minimum wage but i went to school and studied to become an educator so $20 per hour could have been $30 per hour
I’ll be grateful that i’m getting a good decent pay but i still think educators should get paid more
How do people like her get married and have children. Their decisions are awful! It's like a bad comedy about America.
Why entitled parents look for excuses to not raise their children?
quit the job that doesn't pay salary, take care of your own kids, BOOM I just made that lady 60k / year after tax. You're welcome, NYC yuppie
Agree she's a dumb@$$
likemy Daycare is still expensive at the end of the day.
@GamingTV She said she had a career as a lobbyist. She could easily find a high-paying job, easily. The reason she doesn't want to is because the family would lose their government benefits. And yes, if you are a family of 5 living on $100K in Manhattan, you are eligible for daycare and housing stipends.
That’s more than her “business” will ever make across its entire lifetime
GamingTV plenty of people make 35k+ working hourly jobs. Heck I make 30k with an hourly job and I know plenty making 40k, 50k etc. with an hourly job.
She’s pushing a $1500 + stroller! I don’t want to here nothing she have to say
FLYTAILS MOBILE SALON AGREED! And why live in an apartment that is 5k a month! Move to Queens and it’ll be a fraction of the cost. Also, go get a real paying job.
It could have been a gift or been purchased used.
@@valeriec3484 Nice try.
FLYTAILS MOBILE SALON dont forget she has a $1,100 apple watch Hermes!
Bruh 😂😂😂😂😂😂😂
So she would rather bankrupt their household then look after her own children.
If the government started paying the bills for childcare, then daycares would start charging $1000 per day, per child. That’s how the cost of college got so high
Are daycare centers planning to dump 70% of their budgets on football teams?
So I feel that this family is living beyond what they can ectually afford.
Yeah this is just people living already insane lifestyles and then having multiple kids, and chose to send them away
Yup, exactly. I'm sure they can find a less expensive home and childcare.
(Most people are)
@@fifafan1 or she could get a job that pays instead of her vanity project
Does THIS family's life change anything about the actual issue with the cost of childcare for Most American families? NO. But I guess it makes people feel smug to point it out. Doesn't help anything, but hey if it makes you feel better.
I completely understand child care I have 2 in childcare.
But her stroller is between $1500‐$2000.
Having been a nanny in NY, and can say that a nice stroller is a essential, the bugaboo is well made and can be sold after they are finished with it. I just bought a bugaboo second hand and it wasn’t much more than a Graco stroller, or something I would have to replace in a few years.
dird89 😂 I mean, no judgement here if that’s what you want to do! Some parents decide to have a second or third child, and need a new stroller. I just meant that with the bugaboo you wouldn’t need to replace it. It would hold up, and you can buy replacement fabric. Or, you could sell it. Good luck trying to seek a three year old chicco stroller. This really isn’t a priority if you live in city that’s drive-able, but in NYC you walk everywhere. Good shoes, and good strollers are much more important. I’ve seen a lot of strollers in my day head for landfills after their 2-3 years of service. Anyway, I am just a fan, having used this one in NY, and just bought one myself for my baby on the way!
Please tell me it was a gift
They chose to profile a 2-parent family with the most bass ackwards financial sense. $5000/month on rent, (which is about 92% of their net income) there's one problem right there. Never mind the ridiculous child care cost. How bout one parent staying home and watch the kids instead of engaging in endeavors that generate no income. This is just a family living beyond their means. Sorry, no sympathy here.
How come the wife couldn’t work on her business part time so she could build it and save money on childcare costs? It doesn’t make sense that this woman could justify working on her business full time with childcare costs being 5k/month!
They should have considered childcare before deciding to have kids in Manhattan. ONE OF THE MOST EXPENSIVE CITIES IN THE WORLD. The amount of stupidity is infuriating.
Are we just gonna ignore that the fact that mom has a "job" with no income.
Pretty sure that's part of the problem.
@@austyn158 Doesn't take away from the fact that the parents are idiots.
They can always move out of NYC.
Expensive childcare that's the whole point point of the video!! But of course everyone focuses at the "gossip" part and lectures the family...Childcare companies must be feeling so lucky that we are all so dumb and let them get away with what they do
Agree. Though, it isn't the stupidity that upsets me... it is them complaining about the situation they have gotten themselves into because of their stupidity. Sure, everyone makes mistakes. However, they have made many mistakes and are continuing to make them.