Jitters about the slumping economy over the last decade impacted the American bedroom too, resulting in a huge baby gap as couples gave up making families. And it’s still lingering.
A new study from the University of New Hampshire put the gap at 3.4 million births since 2008.
And 2015 witnessed the lowest fertility rate on record and a gap of 600,000 births.
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“The Great Recession sent an economic shock through American society that reached far beyond the stock and housing markets. More than five years after economists announced the end of the recession, fertility levels have still not recovered. As a result, more than 3.4 million fewer babies were born in the United States between 2008 and 2015 than would have been expected if pre-recession fertility rates had been sustained. In each of the last five years, this birth deficit has resulted in roughly 500,000 fewer births,” said the study.
The drop in births clashed with a new reality: there were more women of childbearing age during the period.
What’s more, said the study from the UNH’s Carsey School of Public Policy, there is no evidence that births will be on the rise soon, despite some reports that the economy is improving.
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