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Why Americans Aren’t Having Babies—and How It Hurts Us
Americans aren’t having babies, and the economy’s to blame.
After all, who has enough cash to save up for food, clothing, college for another human being? Due to the recent recession, the fertility rate has fallen to its lowest point in 25 years.
The fertility rate is measured as the average number of children per woman, and right now the American rate is down to 1.87 children per woman. This number represents a sharp decrease of 12% since 2007.
Kids are expensive (obviously), so when the economy is shaky, it makes sense for individuals to reevaluate whether they can really afford to have their first child, or add a second child to their family. But while this thinking is prudent on a personal finance level, this trend is potentially dangerous for the economy as a whole.
We’ll break down what lower fertility could mean for the economy … and how this trend could potentially improve motherhood in the United States.
Read more: foxbusiness.com/personal-finance/2012/08/03/why-americans-arent-having-babiesand-how-it-hurts-us/#ixzz239U9MIYh
Americans aren’t having babies, and the economy’s to blame.
After all, who has enough cash to save up for food, clothing, college for another human being? Due to the recent recession, the fertility rate has fallen to its lowest point in 25 years.
The fertility rate is measured as the average number of children per woman, and right now the American rate is down to 1.87 children per woman. This number represents a sharp decrease of 12% since 2007.
Kids are expensive (obviously), so when the economy is shaky, it makes sense for individuals to reevaluate whether they can really afford to have their first child, or add a second child to their family. But while this thinking is prudent on a personal finance level, this trend is potentially dangerous for the economy as a whole.
We’ll break down what lower fertility could mean for the economy … and how this trend could potentially improve motherhood in the United States.
Read more: foxbusiness.com/personal-finance/2012/08/03/why-americans-arent-having-babiesand-how-it-hurts-us/#ixzz239U9MIYh