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Why America’s Birth Rate is Still Tanking: The Cost of Raising a Child and Lost Millennial Wealth



It’s been ten years since the Great Recession ended. Yet, despite robust economic growth and low unemployment over the past two years, births in the United States have continued to plummet. Before the Great Recession, the fertility rate—the number of children women have on average during their lifetimes—had been on the rise. But once the recession hit and unemployment rose to 10%, many couples put off having children and birth rates declined. Demographers and economists …

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