Thirty-three percent of parents paying for summer childcare will accrue debt to cover the expenses, according to a survey released Thursday by financial services company Bankrate.
Fifty-nine percent of respondents said they would pay for their childcare with a credit card. Parents will spend an average of $998 per child for summer child care, the survey said, but 19 percent of parents said they will pay over $2,000 per child.
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