Parents can’t afford to have babies in this bad economy, and the birthrate dropped to the lowest it has been since 1987! Read about the shocking statistics.
The poor economy has scared off 20-somethings and other would-be parents from having babies, a new report has shown. As the unemployment rate for young adults has increased, the number of babies being born in the US has significantly declined.
The fertility rate is also not expected to bounce back for at least another two years!
This downturn in child birth could lead to a negative pattern for years to come, according to Demographic Intelligence, a company that produces quarterly birth forecasts for consumer products, such as diapers, formula, and cribs.
Since the economy declined, the number of births per woman fell 12% since 2007, and statistics for 2012 show the rate will be the lowest it has been since 1987, according to USA Today.
“What that tells you is that births have clearly been affected by the economy,” Sam Sturgeon, president of Demographic Intelligence, said.
The economic effect on birthrates has been more rapid and longer-lasting than any other since the Great Depression.
“Usually consumer sentiment bounces back a little quicker,” Sam said. “People are a bit in a wait-and-see pattern … The key word would be uncertainty, a lot of uncertainty.”
What do YOU think HollyMoms?
— Christina Stiehl
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