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Global News

Retirement, savings take a hit among parents struggling with child-care costs

A new survey reveals that roughly half of Canadian couples with children — about 50.5 per cent — have made significant financial trade-offs to afford raising kids. Cost of living pressures are squeezing family budgets, with retirement savings and general savings taking notable hits. The findings highlight the growing financial strain child-care costs are placing on Canadian households.

Half of Canadian parents are sacrificing their financial futures just to afford having kids.

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