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☆ How much money Americans in their 30s saved in 2023—and how to save more, according to a CFP
▼ + stars: | 2024-04-19 | by ( Annie Probert | ) www.cnbc.com time to read: +2 min

In your 30s, your list of financial burdens is probably growing, including everything from paying for child care to saving up for a first home. Despite these challenges, Americans in their 30s managed to save the most money out of any age group in 2023, according to data from New York Life. Parents in the U.S. spend around 24% of their household income on child care each year, a recent report from Care.com found. "But child care, we have to pay for that once the baby's born. If you're in your 30s and want to save more this year, here are two strategies to help stash away more cash.

Persons: it's, Shaun Melby, Care.com, you've Organizations: New York, Melby Wealth, CNBC Locations: New, U.S

☆ The benefit that pays for itself and increases worker productivity
▼ + stars: | 2024-03-29 | by ( Allie Kelly | ) www.businessinsider.com time to read: +5 min

The organization advocates for company and government policy that supports working parents. All companies offered some form of childcare benefits — stipends, on-site care, or backup care. And, for each company, its annual net return for childcare benefits far outweighed the cost. But, when a company offers childcare benefits, retaining just 1% of eligible working parents could cover the price a company pays for those benefits, the study said. Childcare benefits boost employees' career prospects and earning potentialNot only do childcare benefits support a company's bottom line, but the study shows it improves the earning potential and career growth of individual employees.

Persons: —, it's Organizations: Service, Business, Companies, Bank of America, UPS

☆ The American Dream is under siege
▼ + stars: | 2024-03-02 | by ( Matt Egan | ) edition.cnn.com time to read: +15 min

Parents of young children are making difficult choices to afford child care — or they’re opting to evade it by dropping out of the workforce altogether. Even as the inflation rate has cooled across the US economy, child care remains a sore spot for many families. The weekly price of day care for a toddler surged 9% in 2023, according to Care.com, a marketplace for child care. Of course, Allison is hardly alone in feeling like the American Dream has been more difficult — and expensive — to attain than imagined. “The American dream is being taken away from the younger generation by the housing affordability challenges,” said Lawrence Yun, chief economist at the National Association of Realtors.

Persons: Hana Husković, Price, Hana, Michelle, they'll, ” Hana, “, It’s, they’ll, ’ Allison Powell, Liam Kelly, ” Allison, Allison Powell, Corinne ., ”, Allison, I’ll, homebuyers, Lotfi Karoui, Goldman Sachs, Lawrence Yun, Yun, Priscilla Almodovar, Fannie Mae, ” Almodovar, that’s, Almodovar, they’d, Homebuilding, Mark Zandi, Biden, ” Lael Brainard, Brainard, ” Brainard, ‘, Rachael Gambino, Garrett Mazzeo, Rachael, Deborah Brunswick, John General, ” Rachael, won’t, they’ve, – Organizations: New, New York CNN, Bureau of Labor Statistics, Wall, CNN, Federal, Intercontinental Exchange, ICE, Bloomberg, Getty, Rust Belt, National Association of Realtors, North, NAR, That’s, Baby Boomers, Homeowners, Federal Reserve, Moody’s Analytics, White, National Economic Council, American, Target, Starbucks, Facebook Locations: New York, United States, Atlanta, Peachtree Corners , Georgia, Decatur, Decatur , Georgia, Carolina, Yugoslavia, Italy, Mexico, Oakland , California, Livermore, San Francisco, California, Los Angeles, San Diego, Francisco, Miami, Honolulu, Rust, Des Moines , Iowa, Dayton , Ohio, Cleveland , Ohio, Scranton , Pennsylvania, Los Angeles , California, North America, America, States, Lansdale , Pennsylvania, Philadelphia

☆ Child care benefits at work: Employers are increasingly offering resources to parents with daycare needs
▼ + stars: | 2024-02-23 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +7 min

And among those that do, less than a third selected any single benefit such as subsidized child care services (11%), child care referrals and consultations (28%); and back up child care (26%), which gives parents access to a daycare center or babysitter when their usual child care arrangements fall through on a given day. Among those, 37% offer access to backup child care, 16% subsidize child care and 10% provide onsite child care. Among respondents who said they were thinking of quitting their jobs, 41% said their compensation was not high enough to cover child care costs, and 30% said they didn’t have adequate child care. An onsite child care center like one from Bright Horizons can provide licensed and trained care providers and well-qualified early education teachers. Other options to ease working parents’ experienceFor many employers, though, an onsite child care center may be tough to swing.

Persons: ”, Jessica Chang, “ Covid, ” Chang, Mercer, It’s, We’ve, Stephen Kraemer, Kraemer, hadn’t, Carmen Perez, Perez, Seda, Chang Organizations: New, New York CNN, US Department of Labor, US Department of Health, Human Services, Century Foundation, “ Employers, Adecco Group, Bright Locations: New York, United States, California

☆ I hire college students for childcare for my 3 kids. It's the best scenario for our family and for the students.
▼ + stars: | 2024-02-19 | by ( Jenna Jonaitis | ) www.businessinsider.com time to read: +5 min

While I work at home, I hire local college students to look after my three kids. The college students gain child development experience for their careers. I’ve worked from home as a freelance writer for eight years, and we hire local college students as our nannies. But hiring local college students as our nannies has been a tremendous gift, especially while our kids are young. But more often than not, the college students we’ve hired have been responsible, incredibly caring, and patient with our kids.

Persons: —, I’ve, it’s, We’ve, we’ve, They’re Organizations: Service, Facebook

It would be nice to have a larger apartment, but a larger place would come at a much greater cost. I went from paying a couple hundred dollars a month in rent to around $1,500 to live in the living room of a one-bedroom apartment in Manhattan. We live in a small apartment that’s in our budgetMy husband and I have lived in the same one-bedroom apartment in Williamsburg, Brooklyn since 2019. The apartment is under 600 square feet, and the rent is around $3,400 a month. We’d only be able to afford that rent if we cut back in other areas.

Persons: —, Zumper, nannies, I’ve, We’ve, We’ll Organizations: Service, Day Care, New Locations: New York City, Florida, Manhattan, Williamsburg , Brooklyn, It’s, New York

☆ My husband was forced to return to the office. Life got harder and more expensive when all of the parenting duties fell to me.
▼ + stars: | 2023-11-09 | by ( Elle Hardy | ) www.businessinsider.com time to read: +6 min

When Marquita Wright and her husband were working from home, they split childcare duties. AdvertisementAdvertisementThen my husband went back to the officeAbout 18 months ago, he was told he had to return to the office three days per week. My husband going back to the office meant we needed to reconsider how to balance our work and family life. AdvertisementAdvertisementMy husband's schedule changed againThree months ago, my husband was told he had to start going into the office every day. I wish my husband could return to working from home a few days a week, but it doesn't look like that will happen anytime soon.

Persons: Marquita Wright, Wright, —, Jaime, I've, Marley, isn't, I'm Organizations: Service, Catholic, Waldorf Locations: New Orleans, Milwaukee, Miami

☆ IAC narrowly beats Wall Street third-quarter revenue estimates
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +2 min

Nov 7 (Reuters) - Internet holding company IAC (IAC.O) beat Wall Street third-quarter revenue estimates on Tuesday, as the owner of publisher Dotdash Meredith saw traffic growth return for core brands. IAC owns Dotdash Meredith, America's largest digital and print publisher, as well as brands such as the Daily Beast and care services platform Care.com. Revenue fell 15% to $1.11 billion, narrowly beating analyst estimates, amid a challenging advertising market. Revenue at Dotdash Meredith, its biggest business, fell 11% to $417.5 million, with digital and print revenue declining 4% and 16%, respectively. Consolidated adjusted EBITDA grew 83% year-over-year, with adjusted core earnings growing at home services platform Angi and Dotdash Meredith.

Persons: Dotdash Meredith, We've, Joey Levin, GAI, Helen Coster, Manya, Krishna Chandra Organizations: IAC, Daily, Revenue, Consolidated, Dotdash Media, . Copyright, Manya Saini, Thomson Locations: Dotdash, New York, Bengaluru

☆ I made about $500,000 in 12 months from the free Substack I started in college. Here's how I scaled it into paid content in 6 months.
▼ + stars: | 2023-10-17 | by ( Ella Hopkins | ) www.businessinsider.com time to read: +5 min

I started an investigation into a companyIn my spare time, I started an investigation into a publicly traded company called Care.com, an online babysitting platform. I started my newsletter to get employers' attentionAfter the Care.com story, I decided to start a free newsletter in February 2020, when I was a senior, as a way to get attention from employers. Every Sunday, I'd recap news about short selling in my free newsletter called The Bear Cave. One month into launching the paid newsletter, I saw the business model worked and it could be a full-time job. The Bear Cave now has 53,000 free readers and 1,000 paid subscribers, and I made about $500,000 in revenue over 12 months.

Persons: Edwin Dorsey, Harvey Weinstein, It's Organizations: Street, SEC, YouTube Locations: New York

☆ Some 70,000 child-care providers may close as federal aid ends, report finds. What that means for parents
▼ + stars: | 2023-09-12 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +6 min

Child care 'is a public good'Experts say that systemic change, such as broader parental leave and more public funding for child care, must be involved in order for child care to improve at a larger scale. The national annual cost of child care was about $10,853 for one child in 2022, the organization Child Care Aware of America found. In 2023, 67% of parents reported to spend 20% or more of their household income on child care, Care.com found. Use the benefits you have availableYour workplace may have some options to help you find care, such as backup care providers or on-site child care. Meanwhile, California, Colorado, Hawaii and New Mexico passed laws to provide universal preschool in the past year.

Persons: Lauren Rosenberg, Taryn Morrissey, Morrissey, Care.com, Katherine Gallagher Robbins Organizations: Portland Press Herald, Getty, U.S . Bureau of Labor Statistics, American University, U.S . Department of Labor, D.C, Strong, Society for Human Resource Management, District of Columbia, The National Partnership for Women, Washington, Washington , D.C, National Institute for Early Education Research Locations: Portland , Maine, Hamilton, America, Washington, U.S, California , Colorado , Connecticut, Delaware , Maine , Maryland , Massachusetts, Minnesota , New Jersey , New York , Oregon, Rhode Island, Washington ,, Florida , Iowa , Oklahoma , Vermont, West Virginia, Wisconsin, Georgia , Illinois, Maine, New York, , California , Colorado, Hawaii, New Mexico

☆ 4 side hustles you can do with no experience: Make as much as $1,000/month in passive income
▼ + stars: | 2023-09-07 | by ( Gili Malinsky | ) www.cnbc.com time to read: +3 min

Nearly two fifths of Americans, 39% have a side hustle, according to an April 2023 Bankrate survey of 2,505 U.S. adults. Here are four side hustles you can do with no experience. Find house sitting gigs on sites like Rover, TrusterHousesitters and Care.com or offer your services in local groups on sites like Facebook and Nextdoor. "They wanted me to do a video survey," she says. Try signing up to take surveys and do focus groups on sites like Mindswarms, Find Focus Groups, Respondent or Fieldwork.

Persons: Latasha Peterson, Peterson, Julie Berninger Organizations: Facebook, PayPal Locations: ShareASale

☆ Majority of parents spend 20% or more of household income on child care, report finds
▼ + stars: | 2023-08-07 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +2 min

Jenny Goff, right, reaches out to a child at Central Park Child Care Center in Vancouver, Washington. Ariane Kunze | The Columbian via APWhy child care costs are so highRising fees at child care centers are contributing to the growing costs of child care, as well as inflation and changes in parents' work status, according to Care.com. Many day care centers shuttered during the pandemic, leaving the few that stayed open with limited slots available. The new child fee is usually used to fund teachers' education, books and materials for the classes, she added. Financial advisors say there are several other ways parents can plan ahead to help cover child care costs.

Persons: Jenny Goff, Ariane Kunze, Sophia Bera Daigle, Daigle, Carolyn McClanahan, McClanahan, Care.com Organizations: Central, Child Care Center, AP, CNBC FA Council, Planning Partners, CNBC FA Locations: Vancouver , Washington, Jacksonville , Florida

☆ How to start a pet-sitting side hustle—you could make as much as $40 per hour
▼ + stars: | 2023-07-08 | by ( Gili Malinsky | ) www.cnbc.com time to read: +1 min

For anyone looking for a side hustle this summer, pet-sitting might be the way to go. Their owners will need help taking care of them when they're gone. In fact, some might need help whether they end up going away or not. Pet owners need help with an assortment of activities. Whatever help owners need and you're interested in giving, check out sites like Care.com, Wag!, Rover and Sittercity for opportunities.

Persons: Angelique Rewers, BoldHaus, they're, Daniella Flores, Flores

☆ 4 lucrative side hustles for summer 2023—one pays up to $80 per hour
▼ + stars: | 2023-07-01 | by ( Gili Malinsky | ) www.cnbc.com time to read: +5 min

If you're curious to start a side hustle yourself, summer could be a good time to dive in. Be a summer school assistantPost pandemic, many kids are far behind in school. As such, more parents may elect to send their kids to summer school than usual. She calls it a "summer school assistant." The summer school assistant would pick kids up from summer school, help them with their homework and tutor them in any particular subject if needed.

Persons: Angelique Rewers, That's, Airbnb, –, Daniella Flores, Flores, Rewers Organizations: Facebook, Rover Locations: Airbnb, San Diego, Portland , Maine, Dallas , Texas, Fort Lauderdale , Florida, New York

The 34-year-old is primarily an actress, but on the side, she's a travel nanny for billionaires in New York. "The qualities it takes to work for the ultra-wealthy is patience and a nuanced perception of anticipating a person's needs." Here's what they said about their lucrative side hustles:Nannying ultra-wealthy kidsNanny-matching site Care.com advises New York families to pay full-time nannies $21.25 per hour, the company's website says. Chauffeuring rich familiesA typical Uber driver in New York makes just over $45,000 per year, according to Glassdoor data. Frank Dorfman (right), alongside one of his daughters, started chauffeuring four years after he retired as a New York police detective.

☆ Why America's childcare system is crumbling and its workers are begging for help
▼ + stars: | 2023-04-23 | by ( Juliana Kaplan | Madison Hoff | ) www.businessinsider.com time to read: +8 min

Childcare workers earn less than half what the average US worker earns — and many are quitting. One Montessori school has seen people quit and had to raise tuition in order to cover staff pay. Almost all of the childcare workers in this story asked to be referred to by first name only, out of fear of professional repercussions. And childcare workers specifically in child daycare services make an average of $12.40 an hour. Sinead, a 24-year-old childcare worker in West Virginia, makes even less than the national average for childcare workers, with pay of $9.50 an hour.

Andy Tenke, CNBCCompanies across the U.S. are dealing with both a shortage of workers and a shortage of child care. The personal lending company has workers in 44 states in corporate offices, operations centers and branches. Tara McCurrie, CNBCThe company worked to address the different needs of its workforce by adding new flexibility and care benefits. Branch employees were in the office, facing customers, throughout the pandemic, while many central operations and corporate office workers had hybrid options. "We want to meet our employees where they are; we want to give them the access to the care that they need," McHale said.

☆ A 44-year-old who moved from California to Indiana saves $3,210 a month and thinks more people should consider living in the Midwest: 'LA is the glitz and glamour, but when you take that aside, are yo
▼ + stars: | 2023-01-01 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +6 min

Vanessa Hughes recently moved to West Lafayette, Indiana, a city of 45,000 and a major university. In West Lafayette, she's paying half the amount for a significantly bigger space with a yard for their two dogs. In 2023, the search for affordable housing could pull more homebuyers towards Midwestern spots like West Lafayette. Michael Hickey/Getty ImagesBy the end of November, they had made the move to West Lafayette. West Lafayette is just one place that offers people incentives to move there.

☆ A delivery driver's car was stolen with her kids inside — and it reveals the complicated reality of juggling gig work and childcare
▼ + stars: | 2022-12-23 | by ( Gloria Dawson | ) www.businessinsider.com time to read: +4 min

A DoorDash delivery driver had her car stolen with her infant twins inside. The children were eventually found, but the frightening incident highlighted a reality for many gig workers — their kids come with them on deliveries. It is not uncommon for delivery drivers to bring children along for deliveries, and it is allowed under DoorDash's guidelines. Last year, a DoorDash delivery driver in Georgia had her car stolen with her 1-year-old daughter inside. In San Francisco, a DoorDash driver's car was also stolen with his children inside last year.

☆ Another tech bubble bursts: 2022 has been brutal for Silicon Valley workers
▼ + stars: | 2022-11-27 | by ( David Ingram | David Ingram Covers Tech For Nbc News. | ) www.nbcnews.com time to read: +28 min

Gem: 100A maker of recruiting software, the startup cut a third of its workforce Nov. 1, The Information reported. HealthCare.com: 149The health insurance marketplace announced the job cuts Aug. 3, Miami Inno reported, citing state regulatory filings. Fabric: 120The robotics startup said July 13 that it was layoffing off 40% of them, TechCrunch reported, citing company confirmation. It affected about 300 people, the Silicon Valley Business Journal reported, citing company confirmation. Policygenius: 170The online insurance company cut about 25% of its staff, Axios reported June 6, citing company confirmation.

☆ I’m a 23-year-old nanny for a wealthy family in Nantucket. I get to fly on private jets and document my daily adventures on TikTok.
▼ + stars: | 2022-11-03 | by ( Jenny Powers | ) www.businessinsider.com time to read: +9 min

Evellyn Singleton, 23, began working as a nanny for an affluent, Nashville-based family last fall. She watched their son, Jacob, during their vacation in Nantucket and posted about it on TikTok. Jacob's mom told me she was initially drawn to my profile because it really focused on who I was as a person rather than just listing my nanny experience. The family was living in Nantucket, Massachusetts, for the month, but they're based in Nashville during the rest of the year. Courtesy of Evellyn SingletonFlying is definitely part of the job, as Jacob's family enjoys travel.

☆ Randi Zuckerberg's company is buying an NFT community as part of her plan to build the 'IAC of Web3.' Here's why she thinks more startups will combine to survive the crypto winter.
▼ + stars: | 2022-11-03 | by ( April Joyner | ) www.businessinsider.com time to read: +3 min

Randi Zuckerberg's company Assemble is buying the NFT community Meta Angels for an undisclosed sum. Meta Angels will run alongside Hug, Zuckerberg's Web3 community to welcome newcomers to NFTs. Zuckerberg, Cavoulacos, and Downey all sought to help change that. Zuckerberg — the sister of Mark Zuckerberg, Meta's CEO, and the former director of market development at Facebook — cofounded the Web3 community Hug. Assemble — the parent company of Hug and other technology projects still in stealth — is acquiring Meta Angels, Zuckerberg and Cavoulacos told Insider.

☆ How a digital nomad mom of 2 used 'geo-arbitrage' to save thousands on food and childcare while working from multiple countries
▼ + stars: | 2022-10-23 | by ( Jacob Zinkula | Jason Lalljee | ) www.businessinsider.com time to read: +7 min

Lona Alia and her husband are digital nomads, working remotely while traveling the world with their children. They save money this way through "geo-arbitrage," living in lower-cost countries while earning a US salary. Expenses like food and childcare are much cheaper in the countries she visits than in the US, Alia said. Nearly 17 million Americans describe themselves as digital nomads, a 9% increase from 2021 and 131% from 2019, MBO Partners' 2022 State of Independence study found from a survey of more than 6,000 US adults, including 901 current digital nomads. Alia says the geo-arbitrage of living in lower-cost countries has allowed her family to save "so much money."

☆ See the presentation that convinced Gwyneth Paltrow and NEA to back digital menopause-care startup Evernow
▼ + stars: | 2022-09-21 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +2 min

Evernow raised $28.5 million in a Series A round in April that NEA, a VC firm, led. NEA led the startup's $28.5 million Series A in April. Jackson said Evernow picked angel investors who have used their platforms to speak out about various issues in women's health. Evernow provided Insider with the presentation the company used to raise $28.5 million in Series A funding. See the 18-slide presentation Evernow used to land a $28.5 million Series A from investors like Gwyneth Paltrow, Drew Barrymore, and NEA.

I want to retire early as a millionaire, and I know I need multiple income streams to reach that goal. Sell what you already haveEvery Sunday, I spend an hour looking for items around my house that I can sell. Not only does selling or renting out items you already own cost you $0, it also takes very little time. It's free to start this type of side hustle, and using pre-existing platforms to find work helps you tap into their audience. Anyone can get started on these side hustles for free by setting up a profile on platforms like Rover, Care.com, or TrustedHousesitters.

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