What’s Discouraging Millennials From Starting a Family?
Illustration: Kati Szilagyi for Bloomberg Businessweek
It made perfect sense when American women reacted to the recession of 2007-09 by having fewer babies. But we’re nine years into the second-longest expansion on record, unemployment is well below average, and yet the birthrate hasn’t rebounded. The number of births in the U.S. fell in 2017 to its lowest in 30 years. What’s going on?
One possible explanation is that the economy’s good health masks continued hard times for men and women in their 20s and early 30s, who are responsible for most baby-making. “This young generation, millennials, I think they still feel pretty uncertain, as if they can’t afford to make this big long-term commitment” to raising a family, says Karen Guzzo, a sociologist at Bowling Green State University. “They have these standards: ‘I want to live in a good neighborhood. I want to have a house. I want to be able to have good child care and take time off from working.’ ”
