Time: Americans Hit Pause on Baby-Making and It's Going to Hurt the Economy
Tuesday, May 10, 2016
Image credit: Time
According to Kenneth Johnson, senior demographer at the University of New Hampshire, the lower rates translate to about 3.4 million fewer births between 2008 and 2015. This decline in birth rates affects the economy because fewer babies are born, so hospitals feel the pinch. Fewer baby clothes and toys are purchased, so retail takes a hit. Fewer kids need fewer bunk beds in the smaller houses that their parents are buying for their smaller families. And so on.
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