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.
David McKillips, President and CEO of CEC Entertainment, discusses the ongoing Chuck E. Cheese brand refresh, new locations, updated play spaces and more.
Lila MacLellan, Senior Writer at Fortune, discusses how the healthcare industry is reacting to the murder of United Healthcare CEO Brian Thompson. Watch!
Matt Hougan from Bitwise Asset Management joins Cheddar to discuss how and why Bitcoin is continuing to rise and what the future holds for the cryptocurrency.
Should real estate agents fear AI? Tushar Garg CEO at Flyhomes says no. He joined Cheddar to discuss the future of AI in the Real Estate business and more.
Christopher Zara, Senior Editor at Fast Company joined Cheddar to discuss the newly formed "DOGE"’s new goal to cut 2-trillion dollars from federal spending.
Sharon Price John CEO and President at Build-A-Bear Workshop discusses leading the brand, new offerings, the status of Brick-and-Mortar experiences and more!