SAN FRANCISCO (KRON) – On today’s edition of Rob Black’s Winners and Losers, our financial expert Rob Black and KRON 4’s Mark Danon talk Brexit, college costs and Care.com shares.
When the market first spoke, it gave a thumbs down vote on Brexit. But four trading days after Britain said it wants out of the European Union, the market is sending a much different message: Brexit, it turns out, isn’t such a big deal after all.
There is some good news for American parents terrified about the rising costs of college outstripping inflation and their investments: the average amount families spent on college actually went down last year. The average American family paid $23,688 for college in the 2015-16 school year, down slightly from $24,164 in 2014-15. The cost four-year-private colleges, which average $41,7562 a year, and four-year public schools, at $23,289. Two-year public community college programs are the most economical at $9,840 a year on average.
Google just became the largest investor in Care.com, sending the on-demand babysitting service up 18 percent in extended trading. Google Capital, an investment arm of the internet giant, said on Wednesday that it purchased a $46.4 million stake in Care.com, equal to 17 percent of the website’s market value as of the close. Care.com provides a marketplace that connects caregivers with families.
Rob Black answers Susan’s question: Should women invest and save differently?