It seems that the government is trying to ease the rising cost pressure on the low to middle income families on childcare services. It has been widely debated on how childcare has become a necessity for the dual income family and they are becoming increasingly important, moving forward.
The rising cost of childcare has made some parents from low to middle income families leave their job so that they can take care of their kids. The new childcare subsidies will greatly benefit these families and ease their burden. This policy is important in order for the government to encourage more young couples who are increasingly career minded to start a family.
What comes next, is choosing an appropriate childcare centres which can prove to be a challenge for many of them.
From Straits Times, Jan 24, 2013
By Jessica Cheam, Political Correspondent
New childcare subsidies will slash costs for families
THE cost of childcare is set to fall sharply for low- to middle-income families, thanks to larger government subsidies from April.
Poor families will pay as little as $3 a month for full-day child- care and $60 for full-day infant care. Middle-income households earning up to $7,500 a month will pay half of what they do today.
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read the full story at
http://www.straitstimes.com/the-big-story/population-paper/story/new-childcare-subsidies-will-slash-costs-families-20130124
