The cost of childcare is skyrocketing alongside everything else, and this is putting even more pressure on families than the regular consumer.

Care.com launched a survey, in which almost two thirds of parents say child care costs have risen over the past year. 59% say that as a result, they are more worried about how they will afford to raise their children than they have been in previous years.

Care.com CEO Tim Allen said, “It’s eating up wallet share and doesn’t leave money for other goods. We have seen an exponential increase in nanny rates as well as daycares and child-care centers.”

Over 50% of families are now spending 20% or more of their income on raising their children, and for 72% of families that number is 10% or more. Normally economists consider child care affordable when the cost is 7% or less of household income. It now costs $694 per week on average for a nanny, and $226 per week for a daycare center. Those prices are 22% and 24% higher respectively compared to 2019.

The poll also found that over 50% of families will spend more on childcare than it costs on average to attend a state university – over $10,000.

This rise in costs is making parents adjust their personal expenses, forgoing vacations and any other non-essential purchases. Still others are considering taking on second jobs. 25% are looking for new jobs that either pay more, or offer time off to perform certain parental duties themselves to save money, 26% are looking to reduce work hours to take on duties themselves so they don’t have to pay for a childcare service, and 21% say they are considering leaving the workforce entirely to parent full time.

Care.com CEO Tim Allen added, “People are reconsidering luxury goods or non-essential goods such as travel and vacations. People are going to reduce their spending just to afford childcare so it has this knock-on effect economically as the economy tries to rebound from the pandemic.”