00:00Now just for context, $400,000 invested over the course of 17 years, which is about the same as
00:06investing $2,000 a month, means that instead of having a kid, you could end up with $810,000.
00:16Another study found that parents raising just two children until they're the age of 22
00:21would cost them an average of $750,000, including the cost of everything, factoring education
00:28and a bigger house for a bigger family.
00:31The crazy part is that those studies were done between the years 2014 and 2017.
00:38Factoring inflation since 2017 means that the new estimate would be a lot closer to $1 million.
00:46In the US, 64% of young adults who are not having as many kids as they'd like to say
00:52that it's childcare costs that are the major reason why.
00:55Childcare costs are growing at almost twice the rate of inflation.
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