The #childcare industry, valued at $61B, employs 15M people, and serves over 12.5M children, is broken. For the average family, child care costs surpass rent and, for 20% of families, child care costs more than in-state college tuition. Yet, child care centers struggle with profit margins of 5-10% and face difficulties in attracting and retaining skilled staff due to median incomes of $23,240. Consequently, 51% of families find themselves in areas with insufficient child care options. The cost to the 100K families who have to stay at home due to inadequate child care is $5.5K/month totaling $78B and a loss of $122B to GDP.
Aicelsior is here to solve the #childcarecrisis in the US. Check out https://aicelsior.com/ or our attached deck and shoot us a message at [email protected]!