Global News  · 

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

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

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.

From the source

Cost of living pressures are mounting on Canadian couples with kids as around half (50.5 per cent) said they’ve made financial trade-offs to have kids, a new survey shows.

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