Does staying at home with your child save money?

Does staying at home with your child save money?

CLEVELAND, OH (WOIO) - The Center for American Progress has come out with a calculator to help parents decide if they should continue to work or stay home with their children.

The calculator measures the lost in income growth, retirement assets and benefits if a parent decides to stay at home with their kids. The tool will ask for a parent's age, gender, salary and length of time planned at home.

According to the Center for American Progress the cost for two children in center-based care reaches nearly $18,000 a year. This calculator will allow parents to look at additional financial impacts when making this decision.

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