Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek".
Rapper, chef and author Action Bronson takes us on a journey from his early days at culinary school, to releasing critically acclaimed albums, to writing books, starring in TV shows and building an iconic brand around his favorite interests. In this episode, Bronson explains how the lessons he learned in the kitchen translated to the booth, the reason money can never be the motivation for creating art, and why he believes that imperfections are the best part of any masterpiece.
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The cost of child care is rising, and it’s causing parents to reassess whether they’ll have more children.
More than half of parents of children younger than 15 reported spending 20% or more of their household income on child care last year, a survey from child care hiring site Care.com found, an increase from the 31% who said the same in 2019. That cost exceeds the 7% threshold the US Department of Health and Human Services uses as a benchmark definition for affordable child care. It may get worse: 58% of families said they’d spend upwards of $10,000 on childcare this year, compared to the 45% who said they’d spend that much or more in 2019.