Child Care Is Eating 20% of Family Income—Forcing Parents to Drain Savings and Delay Big Purchases [Yahoo! Finance]
IAC/InterActiveCorp (IAC)
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Source: Yahoo! Finance
Some families had additional costs as well, such as senior care, pet care and house care, which combined could add up to thousands of dollars a month. To cope with increasing costs, many families are reducing spending on entertainment and vacations and dipping into their savings. Some families are spending more on caring for children and other family members than they do on their mortgage, forcing them to cut back on things like entertainment and vacations and to dip into their savings. Day care and preschool prices have increased by 4.8% over the past year, outpacing overall inflation, which rose 2.7% year-over-year in December. In a recent survey by Care.com, an online platform to find child, senior, pet, and home care, the average parent said they spent about 20% of their annual income on child care. "Parents are being pushed well beyond their limits by the demands of caregiving," said CEO of Care.com, Brad Wilson, in the press release. “If this continues, care pressures r
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IAC
News
- IAC (NASDAQ:IAC) Beats Q4 CY2025 Sales Expectations [Yahoo! Finance]Yahoo! Finance
- IAC Earnings Release Available on Company's WebsitePR Newswire
- S4 Capital's Monks Appoints Deb Stroff as Chief People Officer to Lead Real-Time Talent Strategy and Organizational Transformation [Yahoo! Finance]Yahoo! Finance
- Parents Face Widespread Burnout and Identity Loss under Caregiving Pressures, New Care.com Report Finds [Yahoo! Finance]Yahoo! Finance
- Parents Face Widespread Burnout and Identity Loss under Caregiving Pressures, New Care.com Report FindsBusiness Wire
IAC
Earnings
- 2/3/26 - Miss
IAC
Sec Filings
- 2/3/26 - Form 8-K
- 1/16/26 - Form SCHEDULE
- 1/5/26 - Form 4
- IAC's page on the SEC website