Everything is more expensive these days,
but many American parents will know that signing a kid up to play sports has gotten wildly expensive.
Youth sports, it turns out, are big business.
It is now estimated to be bringing in about $40 billion a year in revenue.
That's about twice as much as the NFL.
The tipping point came during the pandemic when the low-key, low-stress, cheap...
Rec leagues shut down.
Parks shut down and park and recreation budgets were cut.
The private sector and private leagues and club teams and travel teams,
they were able to get back up and running much quicker.
The private teams that filled the gap are sometimes owned by big private equity firms like Bain Capital,
whose chief goal is making a profit.
So now American families are buckling under the cost of uniforms and hotels and flights and apps and coaching.
Is money-wrecking youth sports.
That's coming up on Today Explained from Vox.
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