Survey shows providers struggle to stay in business with unpredictable enrollment, hiring challenges, inflation
On May 26, 2022, the Federal Reserve Bank of Minneapolis released the results of a survey of more than 1,000 Minnesota childcare providers.
The survey found:
- High feelings of insecurity among childcare providers
- Despite high demand for childcare, most providers have not seen growth
- Inflation has hammered childcare providers
“That’s a concerning level of insecurity across the sector,” Suzanne Pearl, FCF’s Minnesota director, said in a recent webinar on the survey. “The childcare sector for years has been losing family childcare providers in particular, with not nearly enough new providers starting up to replace that capacity.”
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