According to a study from the University of New Hampshire, there have been 3.4 million fewer births since 2008, based on the pre-recession fertility rate, despite a stronger economy and more women of child-bearing age. Newgerography staffer Joel Kotkin takes at the declining birth rate and what this means for Americans.
With a spiraling birthrate, America may be following in the footsteps of other high-income countries. There are more households with dogs than households with their own children, and this low birthrate will be felt across multiple sectors in the future:
Shifts in child bearing will profoundly affect our geography, politics and economic future. Children, after all, define our future society, and provide the primary motivation for parents and grandparents. Without a strong familial structure, we will be facing a rather grim future, as an expanding older population grows ever more dependent on a shrinking base of young working-age people.