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Lol, when my son was 3 years old it was estimated that the cost of one child in America is about a million dollars from birth to finishing college. That was 23 years ago, so it is multiple of that now...

I suspect in the US 70% of that is college.

Probably, I went the cheap route, he did a running start of college in high-school which was practically free and then two years in university of Washington which was only $50k