Quality child care is hard to find — and it impacts families, the child, and economy

The need for child care is putting pressure on families, the economy, and care centers themselves. According to recent research by the Federal Reserve Bank of St. Louis, families are forced to make tough decisions between paying hundreds of dollars a month for a child care center — which often means a substantial portion of a family’s monthly income — or leaving the workforce all together to be with their children full-time. Senior economist at the St. Louis Fed Chuck Gascon and Shona Lamond, executive director of Downtown Children’s Center discuss the worrying trend with data, anecdotes, and ideas on fixing it.