The financial pain of America’s urban families

The financial pain of America’s urban families

Millions of Americans face difficult decisions when choosing between urban or suburban life. Two significant expenses to consider are housing and child care, as both have increased in recent years. Child care, researchers say, is an expense which couples usually do not anticipate until close to the time of having children which becomes problematic. For example, families living in San Francisco pay an average of $32,000 a year for child care. These two factors are essential for Americans to remain financially stable and should not be taken lightly when choosing between the suburbs or city life.

 

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