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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