Financial Exchange Radio Show
Financial Exchange Radio Show
July 31, 2019
A study from the Economic Policy Institute, a nonprofit research group, found that Minnesota is the fourth most expensive state when it comes to infant care.
They found it costs families an average of $1,341 a month per child for infant care which is 30 percent more than the average rent in the state.
FOX-9 Minneapolis
July 31, 2019
Minnesota is one of the most expensive states in the U.S. to pay for childcare, with the average annual cost of infant care standing at $16,087.
That’s according to research by the Economic Policy Institute, which says the average weekly cost of infant childcare in the state is $1,341.
Bring Me The News
July 31, 2019
Parents know childcare is expensive, and there are new numbers that really drive that point home.
The “Economic Policy Institute” found the average annual cost of infant care in Connecticut is $15,500.
That breaks down to $1,292 per month.
Connecticut is ranked as the fifth most expensive state for childcare.
WFSB
July 31, 2019
Parents say childcare in California is expensive, and now there is a new study by the Economic Policy Institute that indicates they are right.
The report’s authors make several claims about childcare cost in California:
- The average annual cost of infant care in California is $16,945 or $1,412 per month.
- Child care for a 4-year-old costs $11,475, or $956 each month.
- California is ranked 3rd out of 50 states and the District of Columbia for most expensive infant care.
- Infant care for one child would take up 24.9% of a median family’s income in California.
KFBK
July 31, 2019
A new report out this morning from the Economic Policy Institute reveals a “desperately” needed “major overhaul” to California’s early care and education system.
State and federal funding, the institute’s researchers wrote, fall short of providing California kids and their families with a quality and affordable childcare option.
Sacramento Bee
July 31, 2019
CNN Business
July 31, 2019
Iowa remains well off the pace of job growth needed for full recovery from the last recession, which ended in June 2009. Analysis by the Economic Policy Institute shows Iowa needed a net increase of 108,000 jobs since December 2007, the start of that recession, to keep up with the population growth of 7.1 percent since that time. Jobs have grown only by 69,600, leaving a job deficit of 38,400.
PublicNow
July 30, 2019
These days, the divorce might be more common than the pension. According to a 2002 report from the Centers for Disease Control and Prevention, the probability of a marriage ending in the first 5 years is 20%, and 33% of marriages end within 10 years. Meanwhile, only 18% of private sector workers have a pension, compared to 35% in the 1990s, information from the Economic Policy Institute shows.
Smart Asset Blog
July 30, 2019
Today, there are only a few jobs that still come with pensions. However, according to USA Today, “retirement has taken a back seat to corporate profitability for more than 40 years as the United States has embraced the reduction of pensions.” A report by the Economic Policy Institute concludes that the switch from pensions to self-directed 401k-style accounts, which started around 1980, has been disastrous for the American worker.
GoBankingRates
July 30, 2019