Recession shakes up nanny business
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Thom Patterson
...The economic booms during the late 1990s and from 2004 to 2007 made it possible for more middle-class and upper middle-class American families to employ nannies, said Genevieve Thiers, founder of Sittercity.com.
"Now that we're back in recession, families are unfortunately having to cut back on their nannies' hours or unfortunately having to let go of their nannies, and it's not a good situation."
In a poll of parents who use Sittercity.com, 17 percent said the economy is forcing them to end their time as a stay-at-home parent and return to work. Twenty-seven percent of the parents in the survey said the economy was forcing them to work more hours at their current jobs...
