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Reply to "Parents only offering low rates?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous] It never occured to me that a "middle class family" would have a nanny. I always thought nannies were for very high income folks.[/quote] I think the real issue is that when you're saying a family would spend $78K for 40 hours of care per week (so no overtime), that's surpassing one parent's take-home salary once you factor in yearly raises, bonuses, and health insurance, you're thinking the lower paid spouse brings home around $200K. If you're thinking both parents are making $250K+, then the costs increase exponentially because you need at least 50 hours of childcare and neither of you are spending much time with your kids. If you're limiting to 40 hours of childcare, one parent is already working a flex schedule/not making more than $200K.[/quote] I think many families are misclassifying their actual social class levels. If you have even just 1 parent earning $200K+, then you are actually well beyond the middle class range. I'd hesitate to say $250K is still upper-middle class still. If you have 2 adults each earning $200K+, then you are fully upper class. You might not be high net worth, but you definitely cannot say you are anywhere near middle class. Middle class for Virginia and Maryland is from ~$33K/39K up to $156K/178K. DC being a higher COL, I'd say $45K-200K would be a fair estimate. If you are earning under $200K for your HHI, then a nanny is not meant to be a reasonable childcare option for you unless you choose to do a share or plan on tightening your budget in other areas to give the extra money to childcare. There are definitely some families that do so, they see it as investing in their children and want the best for them. Also, 40hr/wk is extremely easy to do these days since many parents are WFH and don't need to pad the schedule for a commute. Or they have jobs that can easily be staggered, or both. It's also ridiculous that anyone assumes that having a nanny for 50 hrs/wk means that they don't spend much time with their children. That's just straight up shaming anyone who works hours that are generally necessary. You can also easily spend 4+ hours per week day with your kids while they are awake, depending on their ages. Plus quality of time wins over quantity of time every single time.[/quote]
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