The Olympics spark hope in many a child of going for the gold. But in financially supporting those dreams, some parents are going for broke.
Competitive youth sports in the U.S. are rising in popularity and they come with much higher expenses than a school or community team. A survey released Monday by TD Ameritrade of 1,000 parents whose children are involved in such elite endeavors finds most pay between $100 and $499 a month. For one in five, it's more than $1,000.
Some parents can absorb the cost, but others are working second jobs, depleting their savings or otherwise compromising their own financial well-being to fund the activities.