Fed Hawks Emerge as Inflation Remains Sticky
Bloomberg Opinion
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The Cost of Childcare in Major Cities Has Stayed the Same Since 1986
childcare now takes up almost 20% of the median family income per child in major cities. There's a tax benefit that some workers use to offset either day care or nanny expenses called the dependent care flexible spending account. The cap on how much you can contribute to that account every year has stayed the same since 1986. So it really feels like this contribution has not kept pace with the cost for daycare.
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