The high price of summer: Daycare and camp costs are rising [USA TODAY]
IAC Inc. (IAC)
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Source: USA TODAY
But summer camp is not free. The Restrepos are paying $225 per kid per week: $4,050 for both children for those nine weeks. “Honestly, I don't know what we'd do without it,” William Restrepo said. The tends to spike in summer, when tax-funded public education gives way to parent-funded daycare and sleepaway camps. pads the bill. “Every summer, you kind of get a reminder that, okay, childcare is really, really expensive,” said Matt Schulz, chief credit analyst at LendingTree. A new survey, released June 24 by the personal finance site Intuit Credit Karma, yields on the perennial struggle to finance a fulfilling summer for the kids: 61% of parents with children under 18 say it feels more expensive to raise them in summer 40% say they cannot afford to enroll their kids in summer programs 35% say they have to adjust their own work hours to care for children during the summer and 29% say summer childcare costs make it impossible for them to save money “The summer months
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