1. Waitlists are a scam. In NYC, it's ~$150 non-refundable just to apply, and daycares won't tell you how long their waitlist is (and per the article, are often over subscribed). I wish there was legislation that these are refundable, or capped at ~$20 or so.
2. The cost of daycare here is around $2500/kid. So with two kids, you're looking at $60k/year, which is $100k pre-tax. And so if you have two kids, work, and make less than $100k/year it makes sense to stop working. And really, the real number is probably closer to $140k/year, since who would work to just break even on childcare and not see your kids?
1. Waitlists are a scam. In NYC, it's ~$150 non-refundable just to apply, and daycares won't tell you how long their waitlist is (and per the article, are often over subscribed). I wish there was legislation that these are refundable, or capped at ~$20 or so.
2. The cost of daycare here is around $2500/kid. So with two kids, you're looking at $60k/year, which is $100k pre-tax. And so if you have two kids, work, and make less than $100k/year it makes sense to stop working. And really, the real number is probably closer to $140k/year, since who would work to just break even on childcare and not see your kids?