Similar situation here, we had our child in our early 20s, mid-university. It was tough for sure, and delayed both our schooling and our careers (mine was impacted more), and finances were tight sometimes, but it increasingly looks like it was monumental luck. We get to focus on careers as our teen naturally wants less to do with us.

Only downside seems to be that I'm a solid 5-7 years older than my equivalently experienced colleagues.