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Hey there, happy Friday. Smokey, hazardous air was still hanging over much of the U.S. this week, including the stadium in New Jersey where Spain and Argentina are set to face off in the World Cup final Sunday.

While we wait to see what will happen, let’s examine the costs and potential payoff of youth sports, which have both surged in recent years. Plus, we’ll wrap up the week on Wall Street and bring you the latest on that cyclosporiasis outbreak. — Tony Wagner, newsletter editor
Young baseball players
Michael S. Williamson/The Washington Post via Getty Images
Parents pay tens of thousands for youth sports
But they’re willing to make sacrifices — and deals — to keep their kids playing. Marketplace contributor James Bennett II reports.
The World Cup reminds viewers that becoming a professional athlete requires years of practice. 

But unlike parts of Europe and Latin America, youth sports programs in the U.S. are an expensive proposition, even for parents whose kids harbor no illusions about going pro. And it’s getting worse: According to the Aspen Institute’s Project Play, the cost of getting kids involved in organized sports rose by almost 50% between 2019 and 2024.

Peg Eynon was a multisport athlete when she was younger, playing softball, basketball, rugby, and soccer. Today, she’s a single mother raising three high-school-aged sons who play at a nonprofit soccer academy in New York state. Eynon said it’s important for her kids to play sports not because of professional dreams or name, image, and likeness deals, but because of the values it imparts to them.

“One thing I wanted for my kids was consistency, and then I wanted to make sure that they were going to have excellent role models,” she explained. “I've seen my kids turn into great students, great friends, [and] leaders on their team.”

Cost is still a factor. Tournament fees and uniforms can be $70 and $500, respectively. One of her sons plays goalie, and the special gloves he has to wear cost up to $120 a pair and must be replaced every three to four months. 

Travel is another cost. For Eynon, that might mean a drive to Virginia or a flight to Missouri. The biggest trip she’s had to plan for was Portugal, though she herself did not go.

Eynon told us some generous relatives help her afford all this, but she also shares expenses with other parents when possible. Then there’s fundraising, like selling candy bars outside of grocery stores. And while Eynon said the intrinsic benefits of sports are worth it, the expense weighs on her mind.

“It's always been a struggle for me. When I look back, they might be all out of my home, they might all be in college, and I might be working seven days a week to pay off my debts,” she said. “So that's kind of scary.”
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News you should know
Let’s do the numbers
  • More AI industry losses gave Wall Street a losing week. The S&P 500 fell 1% today, the Dow dropped 0.8% and the Nasdaq sank 1.4%.

  • Netflix shares fell more than 7% after a mixed earnings report. The streamer announced it will share less viewership data right as investors are sweating hit shows’ sophomore slump.

  • Vegetable giant Taylor Farms is recalling lettuce linked to a cyclosporiasis outbreak that has sickened more than 1,600 people.

  • House Republicans this week proposed a $95 billion reconciliation package. Here’s what’s in it.
  • Brent crude jumped to $88.10 a barrel, and AAA has the national average gas price at $3.98. Chevron is exploring a pipeline deal to bypass the Strait of Hormuz.

AI at work
  • Artificial intelligence tools are making it easy for employers to unearth old social media posts, but experts say applicants should think twice before scrubbing everything. 

  • AI notetakers popping up in your meetings? They can be a privacy nightmare, here’s what to watch for.

  • The Pope’s warnings got at least one coder a religious exemption from using AI at work. More could follow.


QUOTE OF THE DAY
“In economics, we refer to this as ‘bootleggers and baptists.’”
— Romina Boccia, of the Cato Institute
That’s when two groups with very different motivations come together to support a shared cause. It’s what could happen if the White House takes an Australian approach to retirement, which it has shown interest in. Marketplace’s David Brancaccio and Kimberly Adams talked about how the Aussie system might work in the U.S. 
LISTEN NOW
Players onstage at the NBA draft
Arturo Holmes/Getty Images
Final note
Will the investment pay off?
The cost of youth sports surged around the time name, image and likeness deals arrived in the NCAA, letting college students make money from sports for the first time. Last summer, another settlement let colleges start paying players. All this money has reshaped the game, all the way up to the 1% of college basketball players who end up drafted by the NBA.
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