Apparently, the economy is so bad, many Americans are foregoing having children.

According to the National Center for Health Statistics, the United States birth rate fell by 2% in 2008. 2008 was the first full year of the Great Recession. This is the first time that the birth rate has fallen since 2000.
Most experts attribute the decline to the recession. Simply, many people are jobless or struggling to make ends meets, and can’t afford an addition to the family.

According to the report, past economic downturns, such as the Great Depression, were also accompanied by declining birth rates.

The largest decline in births were in California and Florida. These states also had a large decline in immigration, which may explain some of the decline in births. Immigrants tend to have more children than those who were born in America. Thus, fewer immigrants may mean fewer babies in the short run.

Personally, I think part of this has to do with the fact that kids are just way more expensive than they used to be. Given the cost of high-tech toys, education, kids fashion, fancy strollers, child seats, etc., having a kid is way more of a financial burden than ever before. It used to be one more mouth to feed. Now, it’s a huge, long-term expenditure.

Why not get something more likely to have a return on your investment?

P.S. I’m only kidding. I love kids. Just wish they came with a discount!