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May
The financial well-being of American parents with young children is plummeting, highlighting how unaffordable childcare costs have become.The Federal Reserve published its annual Survey of Household Economics and Decisionmaking on May 21. The survey, which collected answers from 11,000 people in October 2023, examines the economic well-being of US households and potential financial risks.While the report said people's overall financial well-being was "nearly unchanged" between 2022 and 2023, some groups "continued to experience financial stress at higher rates than others." That included parents with children under 18. athima tongloom/Getty Images The percentage of parents with children under 18 who felt…