Nearly 1 in 3 Families Spend at Least 20% of Household Income on Child Care

WALTHAM, Mass.--(BUSINESS WIRE)--According to the Care.com 2017 Cost of Care Survey, 32% of families spend 20% or more of their annual household income on child care. Despite high child care costs, a majority of families (81%) say their current child care plan is worth the money. The fourth annual survey from Care.com (NYSE: CRCM; www.care.com), the world’s largest online destination for finding and managing family care, also found that families are increasingly recognizing the need to budget for child care (72% in 2017, compared to 58% in 2014).