Previously, I analyzed a Washington Post article regarding the social acceptance and more obligation of having kids and discussed how people should question the societal norm of parenthood.
I want to continue on this topic but look at it from a different lens. There was a Newsweek article and the headline is, Americans Aren’t Having Children and It Might Help The Economy.
I was very interested in the article because it highlighted many facts and summarized that it might be good for the economy if Americans have fewer children.
Now, there was a study done by a nonprofit called Negative Population Growth Inc. They found that between 2007 (which was the year before the Great Recession) and 2016 (shortly before President Trump got inaugurated) the number of U.S. births dropped by 338,000 or 8.7%.
If we look at current times, that’s not such a bad thing that people are deciding to have less kids.
Now, the reason can be twofold. Are they deciding not to have kids due to personal choice? Or are they not having kids because of infertility problems?
Now, there’s conclusive evidence that there are food additives and genetic modification in processed food, which can negatively affect fertility.
The nonprofit study doesn’t say whether it’s because of their personal choice or inability but the end result is that they’re not having more kids.
Nevertheless, when you look at our economy, a lot of Millennials and even Gen Xers have tens of thousands of dollars of student loan debt. The student loan debt crisis is over 1.5 trillion dollars.
If your monthly expenses don’t allow you to save 20% of your month’s salary, perhaps you should question parenthood.
If you’re living from paycheck to paycheck, perhaps you should question parenthood.
Do you want more videos like this? Subscribe to my YouTube channel.