Australian parents facing crippling cost-of-living pressures are paying almost twice the OECD average for childcare, an inquiry has found, with the system also failing to deliver for low-income families and those in the bush.
An Australian family on average wages with two kids spends 16 per cent of their total budget on childcare while the OECD average is 9 per cent, according to the Australian Competition and Consumer Commission (ACCC).
That’s despite an increasing federal government spend on parental subsidies estimated to reach $12.9 billion this financial year.
Read more here: https://www.abc.net.au/news/2023-10-01/government-urged-to-consider-threat-limit-childcare-fees-rises/102920212
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