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Reply to "How Much To Afford A Nanny?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I would say it's less a HHI, and more the income of the lowest earner. I agree that a good nanny is going to cost roughly $50k/yr, which is probably $80-90k pre-tax. I would say that the lower earner would have to make at least $100k to make it worth hiring a nanny over staying at home. [/quote] Sometimes it is worth spending the lowest income or more for a few years to preserve your place in the workforce. It’s a temporary burden. [/quote] I think that's more myth than fact. Somehow I know many people who have taken a few years working very little in their field, either to take care of children, or deal with a cancer diagnosis, or write a novel, or follow a spouse, and they have all managed to come back to work just fine. The only people I know who had trouble were people who completely left and did nothing in their field for over a decade. [/quote]
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