This is not good at all!
If you have young children there might be some bad news for you thanks to President Biden.
President Biden vowed to middle class America that he would stop the cost of child care rising via his Build Back Better plan.
Now, according to Fox a new study out of the University of Chicago has found that not only will the cost of child care rise, it is expected to increase somewhere between 102-122% for some Americans.
If that didn’t sound bad, that would mean a family that has an infant and child that is 4-years-old, it would be an additional annual expense of up to $27,000 unless they are able to qualify for subsidies in the Democrats’ spending bill.
Casey Mulligan who lead this study stated, “It is challenging to forecast how families would cope with such harmful and disruptive changes in childcare costs. Many families may respond by withdrawing a parent or relative from the workforce to provide the care.“
Biden’s Build Back Better plan is beginning to sound like the complete opposite of what its name suggests.