for a child under two costs just under £15 thousand or $18,000 a year. that means a couple on an average income in the uk will spend 29 % of that on childcare that s according to data from the oecd. in the us, a couple in the same position will spend 19% of their income on childcare. while in germany it s just 1% due to government subsidies. well the government plans to fix this, by introducing 30 hours of free childcare a week for children over nine months old. the uk government also wants to keep over 50 s in the workforce. they plan to do this with pension tax reforms by increasing the free yearly allowance for pension pots from £40 thousand or $48,000 to £60 thousands. until now, there s also been a £1.
left him a huge tip at the west omaha restaurant. you know how much he left him? $5 thousand. stress reliever. the waiter had to pay some bills, said his tuition was due last week and he needed the cash and an angel appeared for him. dana: jason could not have chosen a better way to spend his money than to make a good decision to help somebody who is working hard, working as a waiter, doing a good job and wanting to go to school as well. bravo. that s the best celebrity news of the day you ll hear. bill: auto thefts on the rise across the country. in many cases criminals are just looking for the parts on your car. specifically catalytic converters. they are stolen at an alarming rate at 1,000% over the past few years found on the underside of a car. some thieves risk their lives to get them. jeff flock with fox business in pennsylvania. north of philly. what do you have there, bud?
i was reading recently how people are pulling out of you put $5 thousand on a house and think you want to buy it. they are willing to let the money burn to walk away from the deal for the $3 hundred thousand house now. they don t want to be on the hook. that affects banks. you aren t taking out loans and parking your money with this bank. how about this part? that s a great point. you were exactly right about that. that s separate from this particular crisis, which is the rising interest rates that are impacting the bottom line of the banks but then you have the parallel problem and you are right, harris, we have a trillion dollars of consumer debt out there. you have trillions of additional dollars of mortgage debt. with those higher interest rates people will have a hard time making those payments and that puts the banks at risk as well. harris: wow, reports that silicon valley bank gave out company-wide bonuses just hours
i can t imagine what s going on. that s a good question. i have no idea what s going through these people s minds. i know exotic animals are more popular pets. states are beginning to crack down on laws because we see more people keeping things like squirrel monkeys and the value is high. a monkey in the pet trade may be worth $4 thousand or $5 thousand. when you consider the fact these are social animals. curious, friendly, already used to people and their keepers and it might be easy to grab one. that could be the motivation for people. honestly it s awful. dana: also people if you were to do this, you don t know the kind of care. a zoo keeper is a professional. that is a concern as well. these monkeys were found in a closet in an abandoned home. that is not a proper habitat. certainly not, no. i m sure the husbandry.
island getting a request to raise thousands of dollars to help pay off a human trafficker who recently smuggled one of their students into the country illegally. bryan llenas has that story. good morning. migrants pay thousands of dollars to coyotes or human traffickers to take that across the border in the u.s. families take dangerous loans from cartels putting their homes up for collateral and risking lives to pay off coyotes who they are then indebted to. assistant principal in rhode island is now under investigation for soliciting donations from school staff members the pay off a coyote who supposedly brought one of the school s students to the u.s. in an email to staff the assistant principal wrote we have a student who came to america with coyote which is a group that helps people. she went on to write our student needs our urgent support to raise another $2 thousand to meet his goal of $5 thousand by