As millennials delay having kids for financial reasons, the US birthrate is at its lowest for the first time in 32 years, according to a CDC report.
The survey polled 1,858 men and women aged 20 to 45 — 64% said childcare is too expensive, 44% said they can't afford to have more children, and 43% said they waited to have kids because of financial instability .
Shelling out money for children is even harder when spending money on other increased costs. Millennials, the generation at prime childbearing age, are alreadyfrom the ongoing fallout of the recession, increasing student loan debt, and rising living costs like rent and housing. The effects are palpable: More thirtysomething women are having babies than women in their 20s for the first time ever — a difference that grew in 2018, according to the CDC report. Ultimately, a delay in having kids —The cost of raising a child is at an all-time high, and it's partly because parents feel pressure to buy kids what their friends have
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