The out-of-pocket cost of childcare has risen nearly 15 per cent since the last election, almost double the rate of overall inflation.
Grattan Institute researcher Kate Griffiths said the high cost of childcare was a drag on the economy because it put parents in the position of reconsidering whether to work. Griffiths said increases in childcare fees had outstripped inflation over the past decade, mainly because of rising rents. The Child Care Subsidy caps are indexed to CPI, meaning families foot the bill for any above-inflation increase in childcare fees.In Sydney, the out-of-pocket cost of childcare went up 3.9 per cent in the past 12 months and 15.3 per cent since March 2019, while in Melbourne the rise was 2.8 per cent in the past 12 months and 21 per cent over the past three years.
Georgina Dent, executive director of advocacy group The Parenthood, said the cost of early childhood education had been a source of great financial pain for households for a long time.
niltiac The more subsidies,the higher the costs...
niltiac Says the ALP sponsored rag. Independent Always, what rubbish.
niltiac Child Care should be free
niltiac want to see me without a bra?
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