Newsweek’s exclusive survey conducted by Talker Research revealed that millennials are spending more of their monthly income on car payments (11.7%) than on childcare (7.3%), with 56% reporting spending nothing on childcare. Generation X allocated 3.5% towards childcare and 8.1% towards cars, while baby boomers spent 0.9% on childcare and 5.1% on cars. The rise in car and childcare costs is leading millennials to prioritize more manageable investments, like cars, until childcare becomes more affordable.
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French Government Survives No-Confidence Vote
France’s government survived a no-confidence vote in Parliament, allowing Prime Minister François Bayrou to continue amid political turmoil. The motion's failure ensures passage of a crucial budget bill aimed at reducing debt. Despite challenges from opposition parties, the government's survival offers temporary stability as it navigates ongoing political complexities. Full Article
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