Type of Content
Approved Story
1
Format
News Item Format
Standard
Image Caption
Michael Loccisano/Getty Images
Autocurated
0
The rising cost of child care in New York City is driving families with young kids to pack up and leave the five boroughs, according to a new report set to be released on Monday.
The Fiscal Policy Institute, a left-leaning think tank, released new data showing families with children aged 6 or younger are twice as likely to move out of the city as families without young kids. Households with young children make up 14% of the city’s population but 30% of those fleeing the five boroughs, according to the group’s findings.
The analysis underscores the affordability crisis gripping New Yorkers who are caught between escalating rents, child care costs, rising food prices and inflation.