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.
New car sales in the U.S. are forecasted to grow next year.
Many of us will look to chart a path to tackling finances as the New Year arrives. Jamila Souffrant, author of "Your Journey to Financial Freedom," joined Cheddar News to discuss steps on what to take if you're looking to take control of your life for financial freedom.
If you're looking to upgrade your home entertainment system, Vizio may have you covered, especially this holiday season. Phil Schneider, head of device sales with Vizio, spoke with Cheddar News about what's currently in demand.
There are reports that Warner Brothers Discovery and Paramount have held talks to join forces. Cheddar News breaks it down to discuss what this could mean for the media landscape and for viewers.
Thursday kicks off the busiest holiday travel period of the year.
SiriusXM is facing a new lawsuit for allegedly trapping customers into subscription plans.
IKEA says it expects shipping delays and other product availability issues due to ongoing attacks by Houthi rebels in the Red Sea.
There are multiple reports that talks are underway for a potential merger of Warner Brothers Discovery and Paramount Global.
Stocks jumped after the opening bell on Thursday a day after Wall Street suffered its worst loss since October.
Dunkin said it's removing coconut milk from the menu.
