The Centers for Disease Control and Prevention reported that the U.S. birthrate fell 4% to about 3.6 million births over the past year, the largest decline since 1973.
Births have been declining since the Great Depression as Americans got married later and held off on having children over the decades. The pandemic pronounced the effects of childbirth due to the fear of visiting hospitals and lack of child care. Higher costs associated with raising children also inhibited families from growing especially for those that were unemployed during the pandemic.
It is expected that the drop in births due to the pandemic may have long-term consequences for the U.S. population, limiting growth relative to other developed countries.
Source: The Centers for Disease Control and Prevention
Disclaimer: The information published herein is provided for informational purposes only, and does not constitute an offer, solicitation, or recommendation to sell or an offer to buy securities, investment products, or investment advisory services. All information, views, opinions, and estimates are subject to change or correction without notice. Nothing contained herein constitutes financial, legal, tax, or other advice. The appropriateness of an investment or strategy will depend on an investor’s circumstances and objectives. Please consult your advisor about what is best for you.