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My daughter will be 3 years old in a few weeks, and she's never yet had an item of denim clothing (either jeans or skirts) that fits right in the waist. They are ALWAYS too small. (Meanwhile other cotton pants fit her just fine in her normal size.) The idea that they're simply cutting 2T and 3T jeans to the same proportion as adult womens' clothing is horrifying.
One possible solution: buy toddler boys' jeans instead. They're cut more for a kid's body and nobody knows the difference anyway.