WHITING, Ind., Aug. 22, 2012 /PRNewswire/ -- As working parents become the norm, and the number of families with both parents working on the rise according to the U.S. Bureau of Labor Statistics, child care services are a necessity. Nearly one-in-five (18 percent) parents with children ages 3-17 living at home pay for some type of day care/child care on a regular basis. Parents ages 18-34 were significantly more likely (34 percent) than their older counterparts (8 percent of parents aged 35-54) to indicate this. This survey was conducted online within the United States by Harris Interactive on behalf of CouponCabin from August 8th – 10th, 2012, among 2,252 U.S. adults ages 18 and older.
The cost to provide child care can be a significant household expense for many parents. Of parents surveyed who pay for child care on a regular basis, 12 percent said they pay more than $1,100 per month overall. Seventeen percent said they pay between $501 and $1,100, while 53 percent said they pay $1 - $500.
Pair the high costs of child care with rising food prices and a challenging economy, and it can lead to cash-strapped families. Of parents surveyed who pay for child care on a regular basis, 86 percent are at least somewhat overwhelmed with the cost, with 16 percent of them very overwhelmed with the cost.
"Child care can be one of the biggest household expenses for families, and sometimes, those costs can cause financial strain," said Jackie Warrick, President and Chief Savings Officer at CouponCabin.com. "Child care is a reality for most parents, though, and many make adjustments in their lives to help their families stay afloat. Some parents have had to turn to their extended family to help care for their children or made changes to their work routine to ensure their families are doing what makes financial sense."
When child care costs become staggering, parents employ a variety of strategies to help cut costs. Two-thirds of parents with children ages 3-17 report they have taken action to help save money on child care costs:
- Had a family member watch children – 47 percent
- Quit a job – 13 percent
- Reduced their hours – 11 percent
- Changed from full-time to part-time – 8 percent
- Worked from home or telecommuted – 13 percent
- Other – 8 percent
Regardless of their child care strategies, many parents take a sigh of relief when a new school year approaches. In fact, more than one-quarter (27 percent) of parents will pay less money overall for child care this fall because of school beginning. Eighty-one percent of those are at least somewhat relieved that a new school year is starting and overall child care costs will decrease. Twenty percent are very relieved, 33 percent are relieved and 27 percent are somewhat relieved. Nearly one-in-five (19 percent) are not at all relieved.
This survey was conducted online within the United States by Harris Interactive on behalf of CouponCabin from August 8th – 10th, 2012, among 2,252 U.S. adults ages 18 and older. This online survey is not based on a probability sample and therefore, no estimate of theoretical sampling error can be calculated. For complete survey methodology, including weighting variables, please contact: Allison Nawoj, [email protected].
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