Millennials and Gen Z are less enthusiastic about having children than their parents. The reasons are many: financial, social, and biological, along with the preference among younger generations for “freedom.”
America’s falling fertility rates have been a cause for concern for several decades. During the Great Recession in 2008, millennials delayed marriage and having children, causing fertility rates to drop.
Then, early in the COVID-19 pandemic, there was a short-lived “baby-bust,” when conceptions fell slightly. Months later, the rates rebounded but were inconsequential compared to the huge number of daily deaths.
Over the next few decades, demographers expect the population growth to decline further. But there’s one hope for increasing the U.S. population: immigrants.
A report by the Congressional Budget Office (CBO) released Tuesday predicts that the nation’s population will near 373 million by 2053, up by almost 3 million from CBO estimates a year ago. The difference? An increase in immigrants over the next three decades.
The birth dearth is coming. And it's going to make the already tight labor market impossibly tight before long https://t.co/PRfYDqjxyz pic.twitter.com/NohDJvhlzq
— Alyson Shontell (@ajs) January 25, 2023