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- Business Insider estimated the cost to care for one child in the US in 2024 will be at least $25,714.
- That's a 41.5% increase since 2016 and costs will likely continue to go up this year.
- The two main drivers for the jump in costs are childcare, transportation, and food.
If you're wondering how much of your salary will go toward raising your kid this year — or how much you'll save by not having one — we did the math for you.