"Parents with Young Kids Hit Hardest by 2023 Inflation Surge"
TL;DR Summary
Despite easing from 2022 highs, inflation continues to severely impact American parents, with only 64% reporting financial stability in 2023. Child care costs have surged nearly 20% from 2016 to 2021, leading many parents into debt. Rising prices for necessities like food, rent, and energy are exacerbating financial pressures, particularly for lower-income families.
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- Why parents with young children are reporting a dramatic drop-off in their financial well-being Yahoo Finance
- Parents with young kids reported financial well-being drop-off in 2023 as inflation concerns rose NBC News
- Rent Is Harder to Handle and Inflation Is a Burden, a Fed Financial Survey Finds The New York Times
- Inflation Is Already Soaking The Rich 1%, New Research Shows Forbes
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