Child care in the U.S. today can cost more than families pay for rent, a mortgage or college tuition
CBSN
The soaring cost of child care in the U.S. can now exceed what families pay for housing or college.
That's according to recently released data that outlines the heavy financial burden on the nearly 14 million American parents who rely on paid caregivers to look after their children. Families spent as much as $15,600 per year on full-day care per child in 2022 (the latest year for which data is available), although those with infants can face costs as high as $31,544 annually, according to a recently updated database compiled by the Department of Labor.
That exceeds the U.S. median rent of $15,216 that same year, while some families are spending as much as almost 30% of their annual earnings on child care, the agency noted. Overall, the cost of child care has soared more than 50% over the last decade.
Married couples across the U.S. have had access to no-fault divorce for more than 50 years, an option many call crucial to supporting domestic abuse victims and key to preventing already crowded family courts from drowning in complicated divorce proceedings.
NEW YORK -- An Osprey being used to ferry White House staff and government officials from an event in New York on Monday was grounded due to a safety concern, with one witness reporting flames under the right engine.
A sonar image suspected of showing the remains of the plane of Amelia Earhart, the famed American aviator who disappeared over the Pacific in 1937, has turned out to be a rock formation.
A pilot and a rescue dog he was transporting to an animal shelter were killed when a small plane crashed in the snowy woods of the Catskill Mountains, though two other dogs were later found to have survived, authorities said.
Walmart, the world's largest retailer, is rolling back its diversity, equity and inclusion policies, joining a growing list of major corporations that have done the same after coming under attack by conservative activists.
The typical American retires far earlier than he or she expects to, and it's often not by choice, according to new research from the Transamerica Center for Retirement Studies.
Rapper Drake's company Frozen Moments filed a petition in a New York court Monday accusing the streaming service Spotify and Universal Music Group of conspiring to inflate the streams of Kendrick Lamar's hit diss track "Not Like Us."
President-elect Donald Trump is threatening to impose sweeping new tariffs on Mexico, Canada and China as soon as he takes office as part of his efforts to crack down on illegal immigration and drugs.
A class of drugs known as GLP-1s have been helping people lose weight, but out of pocket costs put them out of reach for many Americans. In West Virginia, a subsidy program for public employees was showing promising results, but then the state abruptly ended it, leaving many searching for new solutions.
President Biden and first lady Jill Biden will attend President-elect Donald Trump's inauguration on Jan. 20, the White House said Monday.
Starbucks said Monday that a ransomware attack on a third-party software provider is hindering its ability to track baristas' hours and manage their pay.