Our 2026 Cost of Care Report: what HR leaders need to know | CareBenefits by Care.com

Key Takeaways: Care.com 2026 Cost of Care Report

• Caregiving as a Primary Stressor: Caregiving is a major driver of employee burnout and mental health strain. Top stressors include finances (44%), family/caregiving responsibilities (36%), and work (36%).
• Severe Impact on Well-being: The pressure of caregiving leads to lost sleep (90%), burnout (89%), and physical health issues (78%). Alarmingly, 34% of parents have considered suicide or self-harm.
• Financial Burden: The average parent spends 20% of their annual income on child care, with 78% of families spending 10% or more. This financial strain is a significant factor in employee retention.
• Career and Retention Risks:
  • 61% of parents report dimmed career ambitions.
  • 59% have considered leaving their job.
  • 52% report feeling resentment toward their workplace due to care-related pressures.
• Disproportionate Impact:
  • Moms: 60% feel overwhelmed by juggling care and career (vs. 42% of dads).
  • Sandwich Caregivers: 67% of those caring for both children and aging parents have considered leaving their jobs due to the associated costs and stress.
• Employee Expectations: 93% of employees believe employer-subsidized caregiving benefits would ease the current care crisis, and 74% believe access to a better network of trusted caregivers would improve their mental health.
• Strategic Recommendations for HR:
  • Manager Enablement: Train managers to provide flexible, solution-oriented support rather than judgment.
  • Benefit Visibility: Promote care benefits year-round, not just during open enrollment.
  • Targeted Support: Utilize ERGs and Care Specialists to assist with complex needs, such as senior care or parenting children with disabilities.
  • Practical Solutions: Implement subsidized backup care, discount programs (e.g., LifeMart), and solutions that reduce waitlists for care services.