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37% of Parents Rely on Baby Boomer Wealth as Childcare Costs Outpace Savings

A new BMO survey finds 37% of parents with young children expect financial help from older relatives, with childcare consuming about 20% of annual income and many families unable to wait for the Great Wealth Transfer.

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A new BMO survey finds 37% of parents with young children expect financial help from older relatives, with childcare consuming about 20% of annual income and many families unable to wait for the Great Wealth Transfer.

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