Courtesy of Jessica Papi
- Daphne Deveraux, an advocate for improved childcare, said parents with family nearby are better off.
- The employment lawyer said it's a key factor in generational wealth, both financial and emotional.
- BI spoke to a mom who paid $4,000 monthly for a nanny and one whose parents do the job.
When millennial Jessica Papi was trying to get pregnant, she discussed future childcare options with her mom, Carol Mooney.
They both knew paying for a nanny or day care would significantly impact Papi and her husband's income. It would be particularly expensive since they'd often need 12 hours of daily cover.