Pretty much. Quite a number of women I know have gone back to work after having a kid and paid most or all of their salary on childcare - especially if it's number two. They felt they couldn't afford to stay off work too long because then they'll lose career progression or become unemployable. Prices might be dropping now - though I haven't heard they are - with the econocalypse but so have wages.

We're very lucky to be able to get by with a combination of family, daddy working from home and mommy changing hours.