Feeling the squeeze, American parents struggle to afford childcare and student loan debt. (via CNBCMakeIt)
Roughly one in five Americans with student loans say their debt has had a negative effect on their ability to provide or pay for child care, according to aAbout one in four Americans has student loan debt, with theBut that monthly loan payment makes balancing other monthly bills more difficult, especially when it comes to expensive fixed costs such as child care.
. The organization estimates that's about 10% of the average family's monthly income of $10,981. In fact, it's not uncommon for child care to be a family's largest monthly household expense — more than rent or a mortgage.U.S. Department of Health and Human Services's guidelinesWhere you live can play a major role in the cost. Over half of Americans live in neighborhoods classified asby the Center.
The average cost of full-time care for children ages 0-4 is more expensive than the average cost of in-state college tuition. In Michigan, the average family pays almost $14,000 a year in child care, while the average family living in Washington D.C. pays over $25,000 a year, according to
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