Are We About to See a Spike in the Birthrate?
Over the last few years, there’s been a lot written about the declining birthrate in the United States, especially due to the recession. But the Wall Street Journal says this may all be changing soon. The low birthrate seems to have stabilized after years of slipping and it might just be time to turn that around. Are you ready for a mini baby boom?
Last year, the U.S. saw 63.2 births per 1,000 women between ages 15 and 44, the same all-time low seen in 2011. But that’s all turning around:
Stabilization in the fertility rate would be the latest evidence the U.S. is gradually shaking off the effects of the 2007-2009 recession. Americans are paying off debts, freeing up cash for spending. As property prices rebound, more people are regaining equity in their homes.
Still, with women waiting to start families and get married and access to birth control, the birthrate is still at a historical low. Rates have dropped most among women in their early 20s, especially Latinas.
So why does the number of babies being born keep making headlines? Fewer babies mean more problems for older Americans. If the birthrate continues to stay low and there isn’t a significant spike in immigration, there won’t be enough young workers to support retirees. Demographers hope that by 2015, American families will be back to having roughly 2.1 children per household, the sweet spot when it comes to supporting the economy.
Did the recession affect your decision to have children?