Stock Market Winners & Losers: Markets Dive on Weak Manufacturing Data| Price of Parenthood is Growing Prohibitive
The stock market is having its worst day since August 5, driven by renewed recession fears as traders return from vacation and a concerning manufacturing update. Meanwhile, students are spending a record $87 billion to make their dorm rooms homier, with some even hiring designers for $10,000.
On the demographic front, the U.S. fertility rate has dropped to an all-time low of 1.62 births per woman, with nearly half of childless adults unlikely to have children. Raising a child now costs an average of $310,000, with child-care expenses alone averaging $11,582 per year, often exceeding public university tuition.
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