Business Daily Folgen

Children aren’t cheap. The cost of living crisis is pushing parents to the edge of their finances, worrying about paying for essentials like food, clothing and, for many, childcare. We’ll take a look at Chile, which according to data from the Organisation for Economic Co-operation and Development (OECD), is one of the lowest ranking when it comes to public spending on early childhood education.Natalia Aránguiz lives in Chile and has two children- she speaks to Leanna Byrne about her rising costs.Ann Hedgepeth, chief of policy and advocacy at non-profit organisation Child Care Aware of America, says the national average price of childcare was around $10,600 per year. She says one of the main factors is getting the right staff.Seven thousand miles away in Kampala in Uganda, one childcare business owner is facing the same issues. Manuela Mulondo is chief executive and founder of Cradle, a childcare, lactation and education centre. She says people never think about childcare companies when they are talking about price rises, but says it’s very expensive to look after children.Presenter/producer: Leanna Byrne (Image: Child and parent. Credit: PA)