STUDY: Child care costs more than college tuition in Florida

New parents are being hit with a surprising financial challenge.  According to a recent study it now costs more to put a child through daycare than it costs to put someone through college in the state of Florida. 

Research from the Economic Policy Institute says the average cost for infant care is $725 per month, which equates to $8,700 per year.  That total is about $5,000 more than the average cost of a year of college tuition.  

The study says parents are spending more than 16% of their total income on child care.

 

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