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[quote=Anonymous][quote=Anonymous]Weird metric. Saying that a family making $400k can only spend $28k/year on childcare or it's unaffordable is silly.[/quote]

It is not silly.  There has always been some conventional wisdom and economic percentages in personal finance  about "affordability" to have a balanced life in all stages of life.

So, 7% of gross salary for childcare,  a limit of 3x the gross salary for buying a house you can afford, saving 25-30% of your gross salary for retirement before 65...these have been rules of thumb.

But, but, but - we all are feeling the stretch because housing is no longer cheap.  We also  went ~4x our gross income when we bought our house 28 yrs ago. We were making 75K and our house cost 290K.  So it was a stretch and we had to tighten our belts.  Same goes for childcare. 7% is manageable because in the same salary you are also paying for your home, retirement, college, medical insurance, taxes, savings, education, daily living etc.

Unfortunately, since it is not only childcare which is expensive but everything else people are really in a bind.  My niece is paying 25K for sending her 3 yr old to preschool.  :shock:  1/2 the time that kid is sick for days from germs caught in school and then spreads it to mom, dad, sibling... it is an untenable situation.  [/quote]

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