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Stock impact report

High childcare costs in US weigh on women's employment [Yahoo! Finance]

IAC Inc. (IAC) 
Last iac inc. earnings: 2/5 04:10 pm Check Earnings Report
US:NASDAQ Investor Relations: iac.com/investor-relations/overview
Company Research Source: Yahoo! Finance
or none at all -- fueling concern among voters who feel the pinch in today's economy. Childcare is among American households' largest expenses, and ahead of the November presidential election, voters are hoping politicians will take notice. - Spike in costs - Official data shows day care and preschool costs -- already frustratingly high for many families -- rose more quickly than the overall inflation rate over the past year. Day care costs rose 6.2 percent from August 2023 to the same month in 2024, according to the Consumer Price Index (CPI) report. Overall CPI inflation for the month was 2.5 percent. Childcare competes with rent as the most expensive budget item for families, said Elise Gould, senior economist with the Economic Policy Institute. About 60 percent of households spend 20 percent or more of their income on childcare, according to a survey by online marketplace Care.com. The US Department of Health and Human Services considers childcare affordable when i Show less Read more
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