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If you are a parent or thinking of having your first bundle of joy, then you may be in for a hit to your wallet when it comes to child care. A new study reveals that childcare costs have jumped nearly 50% since the start of the pandemic.

And this has already impacted the lives of many parents, with some choosing to be a stay-at-home mom or dad, or now struggling with debt due to high childcare bills.

Read more in Fox 17 West Michigan.