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New York has been losing young families to cheaper suburbs. Now the city is expanding free childcare.

19 October 2026 at 18:27
New York City Mayor Zohran Mamdani speaks during a press conference on Universal Child Care at Bedrock Preschool on August 04, 2026 in the Riverdale neighborhood of the Bronx borough in New York City.
New York City Mayor Zohran Mamdani announced 10,000 more free 2-K seats.

Michael M. Santiago/Getty Images

  • Mayor Zohran Mamdani is expanding NYC's free 2-K program, adding 10,000 more seats across the city.
  • New York's under-five population dropped post-pandemic, spurred by high childcare and housing costs.
  • For parents to comfortably afford childcare in New York, they need to make $300,000.

As families flee cities across the country in search of more affordable housing and childcare, New York City is angling to keep its youngest residents.

On Monday, Mayor Zohran Mamdani announced that 10,000 more seats under his signature free childcare for two-year-olds program will be covered in fall 2027. Under the expansion, all of the Bronx and Staten Island's school districts will be eligible.

"For far too many New York City families, the joy of welcoming a child comes with a terrifying set of questions: How will I afford child care? Will I need to give up my job? Will I be forced to leave the city I love?" Mamdani said in a statement. "Today, for 10,000 more families, we have an answer."

Those affordability questions loom large for urban parents around the country. Cities including New York have seen their under-five population fall since the onset of the pandemic.

Between April 2020 and July 2024, the population of children under five fell by 18% in New York City, per an analysis from the Economic Innovation Group. That population collapsed by 15% in San Francisco, 15% in Chicago's Cook County, and 14% in Los Angeles County over the same period. Lowering childcare costs, a key plank of Mamdani's platform, was one area where even CEOs agreed with the socialist.

In New York, families with kids under six were more than twice as likely to leave the city as families without younger children, according to a Fiscal Policy Institute analysis.

The share of two-year-olds in New York City's population fell as families fled the city during the pandemic, before rebounding somewhat in 2024 and 2025.

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For parents still in the city, childcare costs for toddlers in care centers reached $23,400 annually in 2024, per an analysis from the comptroller's office. That means a New York family would have to earn at least $334,000 to pay only 7% of their family income for childcare, the federal definition of affordable.

The new 2-K program, which has reportedly faced implementation problems including funding and payment delays, initially targeted a handful of districts based on economic need and childcare demand.

Even as providers wrangle with funding issues and the program's rollout, children across the city recently started their first days in 2-K. At a Friends of Crown Heights center in Brooklyn, mother Jessica Arroyo said it meant "everything" to have her daughter accepted into 2-K.

"I can work in peace," Arroyo said. "She can learn, make new friends."

Are you a New Yorker or childcare provider involved with 2-K? Share your story with this reporter at jkaplan@businessinsider.com.

Read the original article on Business Insider

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4 figures that help explain the affordability crisis behind France's protests

19 October 2026 at 16:55
Protesters gather at "Monument a la Republique" during demonstrations in Paris, France, on Saturday, Oct. 17, 2026.
Protesters gather at "Monument a la Republique" during demonstrations in Paris, France.

Bloomberg/Getty Images

  • France's cost-of-living protests descended into violence and looting over the weekend.
  • Hundreds of thousands demonstrated amid growing anger over the cost of living and public services.
  • From soaring energy prices to declining incomes, five figures help explain the unrest.

France's growing anger over the cost of living erupted into scenes of looting and violence over the weekend.

While most of the hundreds of thousands of people who demonstrated across the country did so peacefully, clashes broke out between police and some protesters, with officers firing tear gas.

The unrest began as student protests over worsening school conditions, but has since grown into a broader movement fueled by frustration over the unaffordability of life in France.

The financial pressures facing French households are familiar to Americans: surging energy prices, wages struggling to keep pace with inflation, and the difficulty of making ends meet.

Here are four numbers that help explain the financial frustrations driving the protests.

1. The poverty rate is at a 30-year high

INSEE defines monetary poverty as having a standard of living below 60% of the national median, adjusted for household size. In 2024, that threshold was €1,337 a month for someone living alone.

France's monetary poverty rate stood at 15.4% in 2024, its highest level since annual records began in 1996, according to INSEE data published in July. The figures are the latest available because calculating poverty rates requires detailed tax and benefits records, which take time to compile and analyze.

That means around 9.8 million people in mainland France were living below the poverty line.

2. Energy prices are up more than 60% since 2015

It's not just Americans who are grappling with rising energy costs.

Energy prices in France increased by more than 60% between 2015 and the first half of 2026, according to INSEE. Electricity prices rose 43% over that period, while fuel prices were 31% higher at the end of 2025 than in 2015.

As with much of the world, the war in Iran and the Strait of Hormuz crisis sent fuel prices soaring. By April 2026, fuel prices in France were 30% higher than at the end of 2025, per the INSEE report.

Rising fuel costs were behind French protests in September, and members of that movement have joined students and trade unions in the riots over the past week.

3. Nearly 3 in 10 French people can't afford unexpected expenses

Data from Eurostat, the European Union's statistics agency, shows that 28.8% of people in France lived in households that couldn't afford an unexpected expense without borrowing or seeking financial help in 2025.

France isn't particularly unusual in the wider European context — the EU average was also around 29% — but the figures illustrate the financial insecurity facing almost a third of households as people protest over the cost of living.

4. More than 40% of French people experienced some difficulty making ends meet

More than four in 10 people in France (41.1%) lived in households that reported at least some difficulty making ends meet in 2025, according to Eurostat data.

Of those, 19.4% reported some difficulty, 13.7% reported difficulty, and 8% reported great difficulty, highlighting the widespread financial strain facing French households.

Read the original article on Business Insider

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