So how are folks handling it when they have children or their the caregivers to the loved one. Are they placing them in child care facilities while they're working the 8 hours. Or hiring workers to stay at their house. That can be quite expensive I mean what's the going rate for 40 hours of child care or caregiving
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We made a decision to have lower earning spouse stop work until kid(s) in school and then only work during school hours when kid(s) in school. This required us to live in a neighborhood that people earning 20-30% less live in and get newer cars much less often than our neighbors. Vacations were at family member houses in other States with an occasional great one built in. House mostly paid for even after remodeling and is only debt. Kid(s) raised. Last car bought was over ten years old at time. Prior one was three years old. A little above median on 401k saved.
Folks, this is how people have done it for decades. It’s not tough, it’s a decision. If you don’t want those results then I suggest you marry an MD or use birth control.
My kids are grown, but when they were small in the early 00's, my spouse and I worked full time. We did day care and it was the equivalent to another house payment; infant care is the most $$.
WFH without child care or a non-working spouse is very difficult. You cannot devote the time to work, and you also cannot devote the time to the children.
School age kids went to after school care, flyers specifically if that helps. Middle school they came home and were latch key kids 😱
But working for a bank means you have it super easy already when it comes to balance unless you are working for some horrible boss. Even then I would tell them to bad, family first 🤷🏻♂️
@ec I'm talking about school-age children. Not yet teens. SO your kids went to pre-school and after school or were they latch-key kids. Companies help their employees out. If this is a sweat shop where pounds per hour trumps every thing then state it that way and quit the work-life balance tripe you don't support.
There is no balance. By design.
This sure brought out the cranks
I hate to be blunt but you handle it the same way before covid/wfh: you get daycare/sitter/ or home health. It’s rough & expensive but myself & sisters helped as caregiver for my parents. It’s not easy.
Sorry but that is your problem and not the company. Ever since Covid people magically cannot afford or want child care. It has always been expensive and people will cry cry cry 20 years from now the same lazy song.
It just shows wfh is not really working because you cry who will watch the children when you should have been working all along!
@cz no building has daycare provided. It's been brought up for almost 20 years. They probably don't want the liability. Can't blame them, but would be a huge benefit for new parents.
@b4 this is were some WF employees look so learning from them was an option.
@a3 So figure that out as a yearly cost you are paying 30-36 K a year. Does some of the larger centers have childcare in the building. And that is not a new idea.
@b1 wfh is not childcare but If I have a sick child I can still do my job rather than dumping it on my coworkers. And Since I am working 7 days a week it cuts out the travel time which allows me to work 7days a week. Everyone on my team does that and works on holidays and PTO ( The roads must Roll)
people do what they have always done and pay for the care. In some cases it may be cheaper for one spouse to stay home. The hardest years for me were when my kids were infants and here in SF we were paying over $4k per mo for day care/pre school. Once the kids were in school that dropped to around $2k per mo total for before and after school care. Just got to make it work.
I’m in CLT and live outside of uptown and the going rate for a nanny for infants is 20-32 an hour in my area. You must also pay for PTO and Employer insurance if they plan to file taxes. You can prob find someone for around 18 if it’s a full cash transaction in our area but if you want to pay them the legal way, my pay range above is aligned. My kids go to daycare in uptown and I am currently pay around 300 a week which is considered cheap. This is for the 3 year old room, i’m not sure the costs of infant bc I had a nanny. When I had the nanny I was paying 1,000 a week for coverage for 40 plus a 100 dollar per diem for gas and activities. With daycare i’m paying 1600 a month for one because my other is in K.
Before you ask my household income is over 400k, so we haven’t had any lifestyle changes to cover care but I hatred spending 4-5k a month on the nanny but loved the care.
@aq - OP said nothing about WFH.
they may be contemplating having children, or facing a declining parent...and they're crowdsourcing information.
OP, you can get better answers by looking for facebook or reddit groups.
Or maybe OP is just a troll and lots of folks took the bait,
daycare is the answer, prior to covid we had to have it as my group only allowed wfh one day a week
and now with mass deportations caring and cheaper childcare is no longer an option
my boomer parents always had some relative or church friend live with us that provided the care when we were not in school
and wfh is not childcare
I don’t have kids, but wouldn’t even consider doing so if I wasn’t 100% comfortable I’d be able to take care of them.
What really amazes me is that this is likely a legit question from the OP. Work From Home was the exception in the US workforce prior to 2019 with approximately 6-7% of private sector benefiting from it vs the current 25-30%.
But with the way people act you’d think they are losing the right to breathe. How do non-wfh or all the employees prior to 2019 deal with going to work? They figured it the F out. Yet here is Wells Fargo full of grown azz baby adults who must be spoon fed solutions and warm hugs.
Nothing but jokes out there about how Millenials and Gen Z are soft but I see plenty of Boomers and Gen X crying about RTO like they just had their prison wallet emptied out by Big Joe.
I've got two kids in daycare and it's $3500/month. We had a nanny come to our house for almost the first year of our first kids life and we paid her $20/hour, which was a cheaper rate than most were asking for. Kids are expensive.
Are you asking because you don't have childcare or you're a new parent?
It's astonishing that some people WFH and don't have childcare. It's just not possible unless your spouse doesn't work.
Daycare su-ks but it's necessary, unfortunately. Unless you have a retired family member. The next cheapest is an income care and they take cash under the table, meaning no taxes and you can't claim either.
We had two kids in childcare at once and it was about $2500/month in the Midwest. That was a few years ago, so it's probably $3k now. Babies alone were easily over $2k.