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☆ I got my master's degree and have 5 freelance gigs, but I still can't make ends meet. I rely on my parents for financial support.
▼ + stars: | 2024-07-27 | by ( Averee Nelson | ) www.businessinsider.com time to read: +4 min

But I was shocked when I was met with judgment for still being on my dad's phone plan. Each sales associate jokingly asked if I was on my family's phone plan, and I sheepishly admitted I was. So, they're happy to help me by letting me stay on the family phone plan and sharing their streaming services with me. Related storiesMany of my friends moved back in with their parents after college to save money, and I've debated doing the same thing. I'm grateful that my family is so supportive, and just knowing that makes me work harder to meet my goals.

Persons: I've, sheepishly, we'd, It's, I'm, it's Organizations: Service, Columbia Journalism School, Pew Research Locations: New York, Manhattan

Forgoing travel insurance can leave you dealing with an unexpected, costly emergency. The biggest of these fees is foreign transaction fees, which typically tack on around 3% on every purchase made outside the United States. On the flipside of that, buying travel medical insurance ahead of time can ensure you get the care you need without ruining your finances. Not investing in a broad travel insurance policyOther inclusions in a travel insurance plan can prove crucial. Get Travel Insurance Quotes Find affordable travel insurance policies with SquareMouth.

Persons: —, Stephanie Montague, Nia Adams, Krissy Yoder, Erica Wood, Christina Schlegel, you'll, Schlegel Organizations: Service, MMGY Travel Intelligence, Travel, Daybreak Travel, Bluetail Locations: United States

Before saving for a down payment, calculate how much you'll need and set a deadline. Exploring down payment assistance programsDown payment assistance programs can help cover part or all of your down payment. Saving windfalls and bonusesWindfalls — or sudden influxes of cash — are a great way to pad your down payment savings. Not having a clear savings planDepositing a few bucks here and there isn't going to make much of an impact on your down payment savings. Yes, high-yield savings accounts, CDs, and investment accounts can be excellent tools for saving your down payment, especially if you have a longer time horizon.

Persons: You'll, you'll, windfalls, Windfalls Organizations: Netflix, Spotify, Federal Deposit Insurance Corp, PMI Locations: homebuyers, Chevron

☆ China economy and employment: People who used to work for major tech giants are now doing manual labor
▼ + stars: | 2024-07-20 | by ( Chris Lau | Hassan Tayir | ) edition.cnn.com time to read: +8 min

Li, 27, is part of a growing base of Chinese workers swapping high-pressure office jobs for flexible blue-collar work. But these firms are slowly losing their appeal as China’s economy faces headwinds including a property crisis, declining foreign investment and slumping consumption. The trend to move from professional to manual jobs comes amid surging demand for blue-collar workers, according to Chinese recruitment platform Zhaopin. And blue-collar workers’ pay has also gone up, attracting more people to jobs they might have previously avoided. Pressure of another kindBut some wonder if blue-collar work is truly the stress-free refuge people like Li and Wang imagine it to be.

Persons: Hong Kong CNN — Leon Li, ”, Li, “, Alice Wang, Wang, –, Larry Hu, Zhang Yuxiao, David Goodman, commenter Organizations: Hong Kong CNN, CNN, National Bureau of Statistics, Workers, NBS, University of Sydney’s China Studies Centre Locations: China, Hong Kong, Hangzhou, Chengdu, –, Macquarie, Shanghai

☆ When my ex-husband married someone with a similar first name to mine, I finally decided to change my married name
▼ + stars: | 2024-07-04 | by ( Melissa Drake | ) www.businessinsider.com time to read: +4 min

I easily recall the lawyer saying he could change my name as part of the divorce proceedings. While my husband and I didn't choose to remain married, my son and I were still a family. I kept my married name for years until my ex-husband started dating a woman with a very similar name as me. Except to me, going back to that name felt like I was going backward in terms of my life's evolution. But the name change was much bigger than updating my records and getting a new Social Security card.

Persons: nonchalantly, would've, Cher, Prince, Drake Organizations: Service, Business, Social Security

☆ The 10 highest-paying blue-collar construction jobs in the US
▼ + stars: | 2024-07-04 | by ( John Towfighi | ) www.businessinsider.com time to read: +3 min

For many, trade jobs provide a financially secure alternative to a college degree. AdvertisementA new report by Pro Tools Reviews, an industry news and review site, highlights the highest-paying trade jobs in the US, giving insight into career opportunities that don't require a college degree. Experts at Pro Tools analyzed May 2023 wage data from the Bureau of Labor Statistics — the latest available — to determine the most lucrative trade jobs. Pro Tool Reviews also examined the most in-demand trade jobs in the US. AdvertisementHave you recently switched to a trade job, or are you a recent graduate looking to land a trade role?

Persons: —, Zers, Gen Zers, Clint DeBoer, DeBoer Organizations: Service, Business, Pro, Tools, Bureau of Labor Statistics —, boilermakers, LinkedIn Locations: jtowfighi@businessinisder.com

Container ships are berthed at PSA's Pasir Panjang Terminal in Singapore July 15, 2019. Global port congestion has reached an 18-month high, with 60% of ships waiting at anchor located in Asia, maritime data firm Linerlytica said this month. SEVERE CONGESTIONSingapore, the world's second-largest container port, has seen particularly severe congestion in recent weeks. "The peak season, which traditionally starts in June, was advanced by a full month, causing ocean freight rates to soar." Container freight prices from Asia to the U.S. and Europe have tripled since early 2024.

Persons: Edgar Su, Linerlytica, Yemen's, Jayendu Krishna, Drewry, PortCast, Niki Frank, Dimerco, Jonathan Gold, Judah Levine, Jared Bernstein, Gene Seroka, Peter Sand, Jeslyn Lerh, Lisa Baertlein, Lisa Barrington, Miyoung Kim, Kim Coghill Organizations: REUTERS, Retailers, Ships, Drewry Maritime Advisors, Singapore, Singapore's, Port Authority, Drewry, Keppel, Tuas, Maersk, DHL Global, Asia, Descartes, National Retail Federation, Container, U.S ., of Economic Advisers, U.S, DHL, Thomson Locations: Pasir Panjang, Singapore, SEOUL, SINGAPORE, Asia, Africa, Malaysia's Port Klang, Tanjung Pelepas, Shanghai, Qingdao, China, South Korea, U.S, Europe, U.S . East Coast, U.S . West, of Los Angeles, Los Angeles, Seoul

☆ How much a single person needs to earn to live alone in the 25 largest U.S. cities
▼ + stars: | 2024-06-22 | by ( Mike Winters | ) www.cnbc.com time to read: +4 min

You'll need to earn around $25 per hour to live on your own in the United States' 25 largest cities. But in nearly half of the 25 largest cities, the living wage is double that of the local minimum wage. Having employer-sponsored health insurance certainly helps: It shaves roughly $2 off the hourly living wage in the 25 largest U.S. cities, according to EPI's estimates. BostonHourly wage to cover basic costs: $34.02Hourly minimum wage: $153. DetroitHourly wage to cover basic costs: $19.70Hourly minimum wage: $10.33Want to be a successful, confident communicator?

Organizations: San, Boston, ., Seattle, Denver, Orlando, Inland, Miami, Phoenix, Tampa, Dallas, Houston, CNBC Locations: United States, That's, San Francisco, Boston, San Antonio, Detroit, . New York, Diego, Washington, Los Angeles, Atlanta, Portland , Oregon, Inland Empire, California, Chicago, Philadelphia, Baltimore, Minneapolis, St, Antonio

☆ 9 ways you're making your wedding look cheap, according to a luxury planner
▼ + stars: | 2024-05-30 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +1 min

Guests need transportation. "When you don't provide transportation to your guests, it really feels like you have not thought about them whatsoever," Ritchie said. "Now, of course, there are ways around that if the wedding is at the hotel and everyone can stay at the hotel, great," she went on to say. Ritchie said forgoing transportation can make your guests feel like an afterthought, which is the last thing they should be on your wedding day. "It feels very cheap when people forget that part of the puzzle, and it's not fun, but it's necessary," she added.

Persons: Ritchie

☆ Placebos can improve mental health symptoms, study finds
▼ + stars: | 2024-05-29 | by ( Kristen Rogers | ) edition.cnn.com time to read: +7 min

CNN —When you’re trying to address mental health symptoms, simply the belief that you can be helped may be an important factor. Symptoms of nine mental health disorders substantially improved under placebo treatment, according to a new review of 90 randomized controlled trials — known as a meta-analysis — totaling 9,985 adult participants largely in their 30s and 40s. “This is the most comprehensive study of placebo effects in psychiatry.”The results are also important for patient treatment, Bschor said. But for disorders that didn’t see as much improvement with placebos — such as OCD or schizophrenia, which is a psychotic disorder — medication may be more necessary. Improvement in absence of medicationThat mental health symptoms improved with placebo treatment may be due to a few potential influences, experts said.

Persons: Tom Bschor, Jonathan Alpert, Dorothy, Marty Silverman, Alpert, wasn’t, Bschor, ” Bschor, ”, Richard Keefe, Keefe, Felipe Barreto Schuch, ” Schuch wasn’t, “, ” Alpert, you’ve Organizations: CNN, Psychiatry, University Hospital Dresden, Albert Einstein College of Medicine, Duke University Medical Center, Brazil’s Federal University of Santa Locations: Germany, New York City, North Carolina, Brazil’s Federal University of Santa Maria

☆ For some millennials, the reality of their retirement plans is that they're a fantasy
▼ + stars: | 2024-05-29 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

The documentary chronicles the rise and fall of the movie-ticket-subscription company MoviePass, and is based on award-winning reporting from Business Insider . The big storyRetirement mathGetty Images;Alyssa Powell/BIFor some millennials, the reality of their retirement plans is that they're a fantasy. AdvertisementIt's not the first time we've gotten troubling data about millennials' retirement plans. But it's not just a lack of savings working against millennials' plans of riding off into the retirement sunset. AdvertisementAnd if you're hoping for a Hail Mary in the form of a fat inheritance to jumpstart your retirement plans, that's not looking great either.

Persons: —, MovieCrash, Alyssa Powell, Jacob Zinkula, William Edwards, we've, it's, millennials, Hail Mary, that's, Juliana Kaplan, It's, Johannes Simon, Neel Kashkari, Sam Altman, Justin Sullivan, Oliver Mulherin, Scarlett Johansson, Altman, Jensen Huang, Adam Neumann, Neumann, WeWork, Moviegoing, there's, BI's Peter Kafka, Sheryl Sandberg, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, HBO, Max, Business, Hail, Reserve Survey, Consumer, Wall, Minneapolis, UBS, Google, Nvidia, BI, Hollywood, HP Locations: Swiss, BI Denmark, New York, London

☆ China's gold rush shows the Chinese still have money to spend — they're just not into Starbucks or Gucci
▼ + stars: | 2024-05-27 | by ( Huileng Tan | ) www.businessinsider.com time to read: +6 min

It also reflects that there's money in the system — but Chinese consumers are just really not that keen on dropping their hard-earned cash at Starbucks or Gucci. China's demand for gold jewelry softened in the first quarter of this year due to the surge in gold prices but was still holding up well, according to the council. Gen Z Chinese consumers ditch luxury for goldUnlike the rush into gold assets, Chinese consumers are not running out to buy even more stuff, particularly foreign imports. China's savings rate was around 32% last year — compared to around 4% in the US, according to a McKinsey analysis of official data. "Chinese households are increasingly confronted by the weak long-term Chinese growth outlook and the slumping prices in China's residential real estate market," said Biswas.

Persons: —, Rajiv Biswas, Gen, LVMH Moët Hennessy Louis Vuitton, Gucci, Yves Saint Laurent, Laxman Narasimhan, Nomura, Lynn Song, Jean, Jacques Guiony, Biswas, McKinsey Organizations: Service, Gucci, Business, World Gold, Bloomberg, Starbucks, Huawei, Nomura, ING, McKinsey Locations: Japan, China, American, Greater China

Learn moreEven when I lived in a tiny city apartment with a galley kitchen, I wasn't willing to forgo having a stand mixer. KitchenAid Artisan Mini 3.5-Quart Tilt-Head Stand Mixer The smallest of the best KitchenAid stand mixers, this model is the perfect size and strength for occasional bakers, new cooks, and those with petite kitchens. I was trying to knead a stiff dough for hand-pulled noodles and left the stand mixer running on high for about 10 minutes, rendering my stand mixer unusable. The KitchenAid Mini is roomy enough for most baking tasks, but petite enough to fit in a cabinet for storage. As mentioned before (and in our guides to the best KitchenAid and best stand mixer), the Mini is the smallest KitchenAid model, but it's actually not the cheapest.

Persons: KitchenAid, Lauren Savoie, it's, I've, I'd, You'll, It's Organizations: Business, Shop Locations: Kansas, New York City

☆ Live Updates: Inflation Expected to Cool Slightly
▼ + stars: | 2024-05-15 | by ( Ben Casselman | ) www.nytimes.com time to read: +9 min

Housing Inflation Remains Stubbornly High Economists had expected two measures of rental inflation to fade in 2023 and 2024, but that process is taking time to play out. There are two main measures of inflation in America, the Consumer Price Index and the Personal Consumption Expenditures index. Consumer Price Index Inflation Remains Hotter The Consumer Price Index is climbing faster than the Personal Consumption Expenditures index, in large part because it weights housing more heavily. With housing, Consumer Price Index inflation totaled 3.5 percent in March. But the convergence between new and existing rent inflation is taking a lot longer than expected.

Persons: There’s, “ It’s, ”, Mark Zandi, Biden, Zandi, grousing, “, O.E.R, We’re, would’ve, Mark Franceski, I’ve, Ernie Tedeschi, Tedeschi Organizations: New York Times, Federal Reserve, Index, Housing, Zelman, Associates, White House Council, Economic Advisers Locations: America, bam, Europe

☆ India elections 2024: Once again, millions of migrants are unable to vote
▼ + stars: | 2024-05-13 | by ( Jessie Yeung | Noemi Cassanelli | ) edition.cnn.com time to read: +7 min

Often referred to as the “city of dreams,” Mumbai draws migrants from across the country hoping to find wealth and success. Noemi Cassanelli/CNNThe Covid-19 pandemic only underscored the volatility of migrant workers’ circumstances when millions lost their jobs almost overnight and were forced to go home. The biggest group is in the United Arab Emirates, with 3.4 million NRIs, followed by 2.5 million in Saudi Arabia; next is the United States with 1.2 million. The massive group of disenfranchised migrant workers stands in sharp contrast to these achievements – with no solution in sight. That means for now, voting remains an unlikely reality for many migrant workers.

Persons: India CNN — Chanu Gupta, ” Gupta, Chanu Gupta, Noemi Cassanelli, ”, Gupta, –, “ Organizations: India CNN, CNN, Nations, United Arab, ”, Workers Locations: Mumbai, India, Uttar Pradesh, Maharashtra, ” Mumbai, Bihar, Rajasthan, Gujarat, United Arab Emirates, Saudi Arabia, United States, United Kingdom, Dubai, NRIs

It shows a curated look at women embracing domesticity as the antithesis of what other young women are experiencing, who are "working hard and barely scraping by," said Casey Lewis, a social media trend forecaster. Evidence shows this is something few women are actually doing, and it's not a realistic lifestyle to aspire to. Young women, whether they're married or not, are expressing a desire to "take a step out of the professional rat race," Lewis said. "There's a lot of pressure on young women," she said. In cases where men are the primary breadwinners, it's more often women who take on the bulk of the caretaking responsibilities, experts say.

Persons: Casey Lewis, it's, Stacy Francis, Eve Rodsky, tradwives, Rodsky, Francis, Heather Boneparth, they're, Lewis, Julia Pollak, Pollak Organizations: Francis Financial, CNBC's, Berkeley Haas Center for Equity, Gender, Pew Research Center, Intuit, ZipRecruiter, Bureau of Labor Statistics Locations: New York, millennials, U.S

☆ Opinion | Is the Internet the Enemy of Progress?
▼ + stars: | 2024-04-19 | by ( Ross Douthat | ) www.nytimes.com time to read: +5 min

But it’s 29 years old, written when the true internet era was still just a gleam in Al Gore’s eye. You could further argue that the passage predicted the Great Stagnation that Tyler Cowen identified in 2011, the productivity slowdown and disappointing economic growth that followed the initial 1990s-era internet boom. Writing for Quillette, he argues that globalization and homogenization have reduced cultural competition in roughly the way that the “Lost World” passage describes. It’s not just that we’re forgoing opportunities to improve our macro cultures. Shouldn’t we expect that macro cultures, when selection is weak, will drift into dysfunction just as firm cultures do?

Persons: Marc Andreessen, Michael Crichton’s, Crichton’s, Ian Malcolm, ” Malcolm, Al, John, Tyler Cowen, Malcolm, Crichton, Robin Hanson, It’s, Hanson, ” Organizations: Benetton, Western, George Mason University Locations: Bangkok, Tokyo, London, Al Gore’s, John Hammond’s, Davos, South Korea

☆ Victoria Beckham at 50: Posh Spice’s most memorable fashion moments
▼ + stars: | 2024-04-17 | by ( Leah Dolan | ) edition.cnn.com time to read: +4 min

Her image shifted in 2008 after she launched her eponymous fashion brand, which has since shown regularly at London, New York and Paris Fashion Weeks. While her wardrobe today tends to skew more subtle, there’s still nothing Victoria can’t style out — including, most recently, a pair of crutches to support her broken ankle. LBDs and all-black looks were a mainstay of Victoria's wardrobe as Posh Spice, demonstrated here at Grosvenor House in London during the Ivor Novello Awards in 1997. Andreas Rentz/Getty ImagesHer penchant for color-blocking, particularly in bright reds and oranges, have become a signature feature of Victoria's look — shown here during a visit to New York in 2017. Raymond Hall/GC Images/Getty ImagesShadows of her '90s style are still visible in her wardrobe today.

Persons: Victoria Beckham, David Beckham, Victoria, ”, ” Victoria, “, Ivor Novello, Dave Benett, Dave Hogan, Mick Hutson, Redferns, Jade, David, Chris Eades, Shutterstock, Marc Piasecki, Victoria's, Birkin, Robyn Beck, Suhaimi Abdullah, forgoing, Andreas Rentz, Raymond Hall, Pascal Le Segretain Organizations: CNN, Spice Girl, burberry, Paris, Vogue, Grosvenor House, Spice, Wembley Arena Victoria, VH1, Hulton, Burberry, LA Galaxy, Cannes Locations: England, London , New York, Victoria, Grosvenor, London, Ibiza, Paris, California, AFP, Singapore, New York

☆ Norfolk Southern activist investor highlights past abusive behavior of new COO as proxy fight intensifies
▼ + stars: | 2024-04-05 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +6 min

Last month, Norfolk Southern hired Orr away from rival CPKC, paying tens of millions of dollars to buy him out of his contract. A witness told the arbitrator that, in one instance, Orr told the employee that she "was so f------ stupid it was embarrassing." Prior to the announced hiring of Orr, Ancora drew attention to claims about his behavior in emails to two Norfolk Southern board members that CNBC obtained. Norfolk Southern told CNBC in a statement that Ancora's analysis of the value of the route — the Meridian Speedway agreement — "is completely inaccurate and based on a flawed premise," in that it assumes Norfolk Southern is forgoing more revenue than it actually is. Regarding Orr, Norfolk Southern said he has a "track record of improving performance while operating safely and with integrity."

Persons: Ancora, Alan Shaw, John Orr, Orr, Jim Barber, Jamie Boychuk, Shaw, John, Mr, Neuberger Berman, Gordon Haskett, Don Bilson, it's, isn't Organizations: Norfolk Southern, Getty Images, Wall, Canadian National, Canadian, CNBC, Norfolk, Meridian, CSX, Longacre Square Partners, Barclays Locations: Atlanta , Georgia, Getty Images Norfolk, Norfolk, Norfolk Southern, U.S, Orr, East Palestine , Ohio

Setting a down payment goalBefore you can set a down payment goal, you first need to figure out how much you'll need for a lender to approve you for a mortgage. Determining the size of down payment neededThe minimum size of your down payment will depend on the loan program you use. Exploring down payment assistance programsDown payment assistance programs can help cover part or all of your down payment. But if you can save up a down payment of at least 20% of the home's purchase price, you'll avoid paying PMI (private mortgage insurance), which can reduce your monthly payment. To save for a down payment, create (and stick to) a budget, reduce unnecessary expenses, increase your income through side jobs, automate your savings, and explore down payment assistance programs.

Persons: You'll, you'll, windfalls, Windfalls Organizations: Netflix, Spotify, Federal Deposit Insurance Corp, PMI Locations: homebuyers, Chevron

☆ 'Quiet luxury' was once all about fashion — but now it describes how the top 1% travel too
▼ + stars: | 2024-03-22 | by ( Helen Iatrou | Rob Goss | ) www.cnbc.com time to read: +4 min

Big-ticket travel experiences like those are indicative of the "quiet luxury" trend which began in the world of fashion, with timeless lines trumping brand-blaring outfits. Less limelight, more connectionJaclyn Sienna India, the founder of the ultra-luxury travel company Sienna Charles, said she considers herself a longtime quiet luxury disciple. Monaco has long been a playground for the elite, but wealthy travelers are increasingly opting for more remote locations, say luxury travel advisors. But another important aspect of the quiet luxury movement concerns security. For them, quiet luxury travel is about exclusivity and privacy, she said.

Persons: Jaclyn Sienna India, Sienna Charles, Vietnam's, Alexander Spatari, It's, Sean De Burca, George W, Bush, Erica, Erica Jackowitz, Jackowitz, Sienna India, Thomas Barwick, Roger Federer, Erica's Erica Jackowitz, Anastasiia Organizations: Monaco, Bank, Getty, Digitalvision, Henley, Partners Locations: Antarctica, Svalbard, Paris, Monaco, Chi Minh City, India, Brazil, Ethiopia, New York City, Africa

☆ Reddit power users balk at chance to participate in IPO as Wall Street debut nears
▼ + stars: | 2024-03-20 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +10 min

It's not just market conditions that have Reddit moderators like Gilbert forgoing the investment opportunity. Reddit has long had a rocky relationship with moderators and the site's most dedicated users, or Redditors. In total, Reddit said underwriters have reserved 1.76 million of the 8 million shares in the IPO for the DSP. Meme stocksOf all companies, Reddit knows something about stock market volatility. However, given the dearth of tech IPOs since the start of 2022, White said Reddit's offering is "probably a little more risky."

Persons: Jonathan Raa, Sarah Gilbert, she's, She's, Airbnb, Doximity, Reddit's, Klaviyo —, It's, Gilbert forgoing, Reddit, Steve Huffman, Gilbert, you've, Alexis Ohanian, Twitch, BuckRowdy, Joshua White, White, FormicaDinette33, subreddits, it's, Wrestlegirl, Maharaj, shouldn't, He's, jeering, Courtnie Swearingen, Victoria Taylor, Swearingen, San, — CNBC's Cameron Costa Organizations: Nurphoto, Getty, New York Stock Exchange, Cornell University's Citizens, Technology, Google, YouTube, Facebook, CNBC, GameStop, AMC Entertainment, Vanderbilt University Locations: New, Chicago, San Francisco

☆ Recessions Actually Make People Live Longer
▼ + stars: | 2024-03-19 | by ( Aki Ito | ) www.businessinsider.com time to read: +6 min

Recessions, it would seem, help us stay fitter, and live longer. The new paper, along with other research into recessions, provides an important reminder that economic growth isn't — and shouldn't be — the only measure of our collective well-being. If recessions save lives, that comes with a corollary: Boom times cost lives. Sure, economic growth provides jobs. If the new research tells us anything, it's that we still have a long way to go in striking a healthy balance between economic growth and social welfare.

Persons: grads, Amy Finkelstein, didn't, that's, Aki Ito Organizations: Business Locations: Japan, San Francisco

First-time homebuyer no down payment programsIt's possible to get a mortgage with no down payment. VA mortgage borrowers enjoy the ability to put no money down and interest rates that are typically lower than conventional mortgage rates. Other low down payment mortgage optionsIf you don't qualify for VA or USDA no down payment home loans, there are other strategies you can use to reduce the down payment you're required to pay. Preparing for the application processTo ensure you qualify for a no down payment mortgage, work on getting your credit score in a good place. Forgoing a down payment may mean paying a higher interest rate and higher monthly payment on your mortgage.

Persons: you'll, Here's who's, Fannie Mae, Freddie Mac Organizations: US Department of Veterans Affairs, US Department of Agriculture, Federal Housing Administration, Federal Housing Finance Agency, USDA, Chevron Locations: homebuyers

☆ 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

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