School's out, and parents' financial stress is in

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By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. Access your favorite topics in a personalized feed while you're on the go. download the app Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Welcome back! Summer vacation have you dreaming about giving it all up and moving abroad? Luckily, six European towns are offering cash to help you move there . Speaking of money and vacations: In today's big story, summer vacation means financial stress for parents looking to keep their kids busy while school is out without breaking the bank . What's on deck: This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Advertisement But first, hello campers! If this was forwarded to you, sign up here. The big story The cost of summer iStock; Rebecca Zisser/BI School's out for summer, but the relief for kids is causing financial pain for their parents. Summer can be a money pit for parents scrambling to keep their kids entertained in July and August , write Business Insider's Juliana Kaplan and Madison Hoff. Advertisement Summer childcare isn't cheap. Nearly a quarter of recently surveyed parents with kids in a summer program said they expect to pay more than $1,000 a month per child this summer. And those costs can balloon well beyond that, with one family spending $6,000 for a three-week sleepaway camp. Further complicating things is most camps don't cover the two-plus months parents need to fill for their kids. The result is sometimes a patchwork system of camps and part-time nannies that parents need to cobble together. Sometimes costs crop up before camp even starts. Parents spend hundreds, or even thousands, on packing and prepping their kids before shipping them off . Just about everyone feels the squeeze on their wallets when the temperature rises. Advertisement An Intuit Credit Karma survey found 61% of parents with children under 18 said it "feels even more expensive to raise kids in the summer months." It's a brutal reality check for parents who thought their days of high childcare costs were behind them when they became DIPS ( dual income, public school ). Instead, some are even going into debt, despite sky-high credit card interest rates, to make it work. Kate Dehler for BI Things don't always get easier once kids are at camp, though. Advertisement This year, skincare products proved to be a lightning rod for kids and parents at elite summer camps , writes BI's Anna Silman. Outright bans or restrictions on luxury skincare products — because nine-year-olds need their daily lip oil — created chaos among their tweens. Of course, drama comes with the price of admission at these fancy establishments, which can run $16,000 for the summer. In 2021, Anna reported on how parents were up in arms over the daily photos shown from camp . Parents inundated camp employees with concerned or critical emails and calls as they tried to parent their children from hundreds of miles away. News brief Your Monday headline catchup A quick recap of the top news from over the weekend: Advertisement 3 things in markets Al Seib/Getty Images How to get in on the AI infrastructure trade everyone's talking about. You've read a lot about the role data centers and utilities play in powering AI. But where should you invest? Goldman Sachs identified 89 stocks across 10 sectors that are key to AI infrastructure. The June jobs report included a couple surprises. The US labor market added more jobs last month than expected (206,000). But an unexpected uptick in unemployment to 4.1% is good news for investors hoping for an interest-rate cut . An activist short-seller's Pyrrhic victory. 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A growing share of young Americans are living with their parents way past college, and relying on the Bank of Mom and Dad for support. But it isn't all their fault. Lacking social safety nets, American parents are often left to provide cover . In other news Advertisement What's happening today Samsung workers began a three-day strike . . Russian President Vladimir Putin met with Indian Prime Minister Narendra Modi. The Insider Today team: Dan DeFrancesco, deputy editor and anchor, in New York. Jordan Parker Erb, editor, in New York. Jack Sommers, deputy editor, in London. Annie Smith, producer, in London. Grace Lett, editor, in Chicago. Amanda Yen, fellow, in New York.