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This balancing act between salaries and childcare might be one of the reasons why Millennials are having fewer children (we’ll explore that more later). It might also be one of the primary reasons Millennials—at least Millennials with kids—feel they are not doing as well financially as their parents: They make more money, but have to spend more of that money on childcare.
Generations: The Real Differences Between Gen Z, Millennials, Gen X, Boomers, and Silents—and What They Mean for America's Future
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