Report: Child Care Industry Struggling in Pandemic's Aftermath
NEW YORK, Jan. 30, 2024 /PRNewswire/ -- Nearly one in five children in families using paid child care services stopped doing so during the pandemic, severely disrupting the child care industry.
- NEW YORK, Jan. 30, 2024 /PRNewswire/ -- Nearly one in five children in families using paid child care services stopped doing so during the pandemic, severely disrupting the child care industry.
- While the drop in paid child care usage corresponds with a decline in the number of children of child care age, the report reveals that many other traditional economic, demographic, and child care market factors known to influence the use of paid child care do not adequately explain the industry's weak recovery.
- Traditional economic, demographic, and child care market factors do not explain the extent of the decline in paid child care usage.
- Other factors such as work-from-home, shifts in parental preferences, and a reduced supply of paid child care are plausible contributors to the weak rebound in the use of paid care.