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Stock impact report

'Child care desert': In this state, parents pay one-third of their income on child care [USA TODAY]

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: USA TODAY
The average household with child-care bills spends $325 a week, or 18.6% of its weekly income, according to an analysis by LendingTree, a personal finance site. In Nevada, the costliest child care state, families spend 32.3% of their income, an average of $493 a week, for others to tend their children, the report says. LendingTree released the analysis last month, drawing on Census data. Child care expenses eat up more than one-fifth of parental income in eight other states, including Illinois, Louisiana and Texas, the report found. 'It felt like a necessity' Child care costs pushed Morgan Frey out of her Sparks, Nevada, home. Frey, 31, was paying $245 a week on child care for her son, who is now 5. That was half of her take-home pay, from her job as a caregiver to seniors. In February 2023, poverty forced her and her son into a homeless shelter. "It was really hard," she said. "And, honestly, the decision to keep him in school came down to knowing it was best for him. Show less Read more
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