Childcare costs exceed affordability benchmark for 85 percent of Florida families, Federal Reserve study finds

According to the Federal Reserve Bank of Atlanta, from 2020 to 2024, childcare prices increased by 29 percent, compared with a 22 percent rise in overall prices. The report said childcare costs now often far exceed the 7 percent of income affordability benchmark established by the U.S. Department of Health and Human Services. In the