What’s More Expensive: Childcare or Staying Home With Your Kids?
Millions of Americans ask themselves every day the important question of, can I afford childcare or should I stay home to take care of my kids. Although it is such a large cost for most families, information about the actual economics of the decision is hard to come by. Many parents go through the process of deciding whether or not it makes sense to take a career break to care for their young children, and who would do so. Michael Madowitz an economist for the think tank Cent