ST. LOUIS, May 09, 2025 (GLOBE NEWSWIRE) — A new state-by-state analysis of the costs of child care by the Federal Reserve Bank of St. Louis finds that day care is expensive and worker compensation is below the median wage in all states.
The new analysis by senior researcher Ana Hernández Kent and economist and research officer Charles S. Gascon looks at the cost, users and providers of day care in each state and nationally.
“Child care is essential to parents who want and need to work. The shortage of care, especially high quality child care, has a decided impact on the nation’s economy since so many workers are parents,” Kent said.
Gascon added, “Simply put, child care is a key support for the U.S. workforce. Our research shows that a lack of care …