(Berkeley, CA) — A new study says California’s child care industry is close to financial ruin. UC Berkeley’s Center for the Study of Child Care Employment found more than three-quarters of the programs have lost money since reopening and a quarter have stayed closed since the pandemic began. The availability of child care is vital to working parents and is considered key to restarting the economy. The study authors say child care centers are often filling in for closed public schools, but owners are mired in debt and missing rent or mortgage payments. Social distancing requirements that limit capacity and higher cleaning costs are adding to the financial strain.
Joe McConnell Copyright © 2020 TTWN Media Networks Inc.
