The impact of inflation continues to burden families on a wide range of issues, such as childcare.
A report by the online caregiver listing service Urban Sitter found that babysitting costs are outpacing the current inflation rate, weighing upon families across the country, with a 9.7 percent jump in rates for sitters in 2022.
The average cost per hour for a sitter was $22.68 for one child and $27.70 for two. The increase is being linked to a number of factors, including the need for longer care times as many Americans return to the office full time and a shortage of available workers, allowing the available ones to charge higher rates.
While the federal government deems 7 percent or less of a family's income spent on childcare as being affordable, a Care.com survey found that more than half of Americans were spending upwards of 20 percent of their earnings.
As surging costs continue to take their toll on families, more states are beginning to provide childcare aid, according to Axios. Connecticut, New Jersey, New York, and Rhode Island are among those to offer programs, and even many businesses are stepping up to help their employees in an effort to ease the burden.
Hackers accessed the personal data of 6.9 million users via the genetic testing company 23andMe.
Stocks fell after the opening bell on Tuesday morning as signs pointed to another losing session.
Bitcoin is once again having a moment. On Monday, the world's largest cryptocurrency soared past $41,000 for the first time in over a year and a half — and marking a 150% rise so far this year.
Tree farmers are raising prices for Christmas trees.
Analysis shows smaller businesses are hiring more people.
Applying for financial aid for college is a long process but there's a new streamlined application for federal student aid. Mark Kantrowitz, student loan expert, joined Cheddar News to explain the FAFSA form and what kind of changes are expected.
With all of the stress surrounding the holiday season with gift-buying and planning family gatherings, it could be a chaotic time for all members of your family, including pets. Cesar Milan and Michael Ehrman, co-founders of Halo Collar, joined Cheddar News to provide tips on how to keep your pets stress-free for the upcoming holiday season.
Going home for the holidays can be pretty expensive, especially if you're a student. Cheddar News senior reporter Michelle Castillo provided tips on how to save ahead of the holiday season.
Alaska Airlines is buying Hawaiian Airlines, stocks finished at their highest level on Friday and are on the way to concluding 2023 on a positive note as Bitcoin surged. And Spotify is laying off workers, again.
United Airlines has introduced a new self-serve snack bar on its flights allowing economy passengers to help themselves to free snacks instead of relying on a flight attendant to get them.
