In today's ever-evolving professional landscape, employers have a pivotal role to play in supporting their workforce. Among the most pressing challenges facing employees, especially working parents, is the "child care cliff." Despite the urgency of the situation, Congress recently failed to pass the funding needed to avert this impending crisis. So, what does this mean for working parents and employers, and how can the latter navigate this difficult terrain?

The Child Care Cliff: A Harsh Reality

With government funding falling short, the child care cliff is a reality we must face. As the pandemic child care relief funds—which were a lifeline for many child care centers—came to an end on Sept, 30, 2023, we're facing a stark reality. This funding, amounting to $24 billion, has been a critical support system for millions of working parents. With nearly 40% of U.S. employees juggling work and parenthood, the implications of this cliff are staggering.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.