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US Births Hit 35-Year Low

GOLDZILLA

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https://www.zerohedge.com/economics...r-low-corona-pessimism-could-ensure-permanent

US Births Hit 35-Year Low; Corona-Pessimism Could Ensure Permanent Japanification



by Tyler Durden

Fri, 05/22/2020 - 22:45


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The number of children born in the United States has hit a 35-year low, new federal data presents, suggesting America could sink to Japan-level numbers not just in capital markets but in a baby bust. The fresh data points to the great likelihood the post-Great Recession decline in births is to stay permanent.
"About 3.75 million babies were born in the U.S. in 2019, down 1% from the prior year," WSJ summarizes of new stats from the Centers for Disease Control and Prevention’s National Center for Health Statistics produced Wednesday. "The general fertility rate fell 2% to 58.2 births per 1,000 women aged 15 to 44." This is the "lowest level since the government began tracking the figure in 1909."
Birthrates were down for all ages and races, especially the teen birthrate which has fallen a whopping 73% since it peaked in 1991, with the exception of women in their early 40s - where there was an uptick - suggesting that couples are waiting longer to start families.

"The total fertility rate — a snapshot of the average number of babies a woman would have over her lifetime — ticked down to 1.7 in 2019, a slight decline from the previous year [of 1.72] and another record low," WSJ continues.
"In almost all years since 1971, that rate has been below the level of 2.1 needed for the population to replace itself, without accounting for immigration."
“Women are still having children,” study co-author and statistician Brady Hamilton said. “They’re just holding off until a later point in time until they establish their education and establish their career.”
Given the economic fallout from the coronavirus pandemic, predicted to last over at least the next few years, the WSJ report forecasts a declining national birthrate similar to the period of the Great Depression.
Via WSJ/CDC

On that point, The Hill also underscores that

Since the recession, the birth rate has risen year-over-year only once, in 2014. Now, demographers tracking the declining birth rate say the trend is beginning to look like a longer-term pattern.
"The fact that births and fertility continued to decline in 2019 despite the booming economy suggests that this is a permanent shift to a lower fertility regime in the U.S.," said Cheryl Russell, a demographer and contributing editor to the journal American Demographics.​
It appears millennials, generally less financially secure than generations before, are on the whole moving much slower in establishing families.
 

wallew

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AND NINE MONTHS FROM NOW (Feb/Mar 2021) THERE WILL BE A MINI BOOM IN BIRTHS FROM LOCKING PEOPLE UP FOR TWO MONTHS AND NOT LETTING THEM OUT.

Bored people with not much else to do with the time on their hands??

Go ahead, tell me I'm wrong. This happened (black out in NYC) a couple of decades ago.

If humans are bored and cannot get 'out' they do 'other things'...
 

the_shootist

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The accuracy and total non bias status of federal data isn't something I would bet the house
 

TAEZZAR

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AND NINE MONTHS FROM NOW (Feb/Mar 2021) THERE WILL BE A MINI BOOM IN BIRTHS FROM LOCKING PEOPLE UP FOR TWO MONTHS AND NOT LETTING THEM OUT.

Bored people with not much else to do with the time on their hands??

Go ahead, tell me I'm wrong. This happened (black out in NYC) a couple of decades ago.

If humans are bored and cannot get 'out' they do 'other things'...
Just what I was thinking ! :2 thumbs up: