The growing cost of elder care is putting an increasing burden on American families. NBC News' Christine Romans profiles one American family dealing with the financial and emotional burdens of Alzheimer's Disease.
SANTA FE, N.M. — Tens of millions of voters have already cast ballots in the election, with living costs top of mind. For many families, child care is often the biggest. Maggie Wright-Oviedo and her husband, JJ Oviedo, live in Santa Fe with their two young kids, baby Patricio and Uriel, a toddler. Thanks to a state program launched during the recovery from the pandemic, they pay nothing for child care.
While prices stabilized last year, the average family paid around $11,600 for child care in 2023 — 10% of a median-income married family’s pay and 32% of a median-income single parent’s, the advocacy group Child Care Aware of America estimates. Without the support, Wright-Oviedo said, her family would be spending $2,600 a month on child care, consuming at least half their take-home pay. When she learned the ballot measure had passed, she recalled, “I cried.
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