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.
AAA predicts a surge in summer 2024 travel, with 44 million travelers, surpassing pre-pandemic levels. Expect more solo trips, AI use, and Taylor Swift.
As Americans prepare for a long weekend of grilling, Impossible Foods wants to put aside the culture wars, win over meat eaters – and IPO when it's 'ready.'
In April, grocery prices rose by 1.2 percent, reaching pre-pandemic levels of food inflation. Could an e-commerce grocer be the solution? Thrive Market says yes
The Recording Academy CEO, Harvey Mason Jr., sat down with Cheddar to discuss what to expect on Sunday, February 2nd 2025 at the 67th Annual Grammy Awards.
Parsing through the latest news might make it feel impossible to tell how the U.S. economy is doing. This analyst's take? We're in the best case scenario.
