Zohran Mamdani: “The Average cost of childcare in our city is $20,000.”

“And the reason this matters is we're talking about the subway. One of the beautiful things about the subway is that for many New Yorkers, it feels within reach. Childcare is something that doesn't, because The Average cost of childcare in our city is $20,000. That's considered a good deal. In New York City, some parents are paying up to $40,000. So when you are able to deliver universal child care for 2 year olds, you are saving those parents anywhere from 20 to 40 thousand dollars.” (20:24–20:28)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.