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500,000 Reasons Why Millennials Are Having Fewer Babies
In the US, the average age of a first-time mother is now over 26 years old, up from 21.4 years-old in 1970.
Through 2008-2013, the birth rate declined each year, likely the result of the financial crisis and its aftermath. Furthermore, as Goldman's Taposh Bari notes, amid the decline in births since the beginning of the Great Recession, one thing that stands out is that the decline in births has come from the youngest mothers – women under 25 years of age.
There are a number of factors that have contributed to this continued increase including: (1) advances in medicine which have increased life expectancies and are making pregnancies safer and more successful for older women; (2) higher levels of educational attainment among women; (3) the aftermath of the great recession which has led to weaker job prospects and confidence about the future; and finally, and perhaps most importantly (4) highly inflationary education costs, which, coupled with lower wages and igher educational attainment, have led to higher levels of student debt.
The cost of raising a child
A skittishness around family formation is bourne out in other data series like rates of home homeownership and marriage. Having a child is probably one of the most expensive decisions a parent will make in their life. In 2013, the annual cost of raising a newborn was approximately US$13k for married families in the middle income bracket in the US. On a cumulative basis through age 17, families having babies will have to commit to US$245k in total spending per child (US$304k accounting for inflation).
The exhibit above excludes the cost of a college education (and all other costs for children over 17 years-old), which was US$19k (4-year public school tuition, room and board) for enrollment in the 2014-2015 academic year. Inflation adjusted, this cost is up 80% over the past 20 years, growing at real and nominal CAGRs of 2.9% and 5.4% respectively over that period.
Assuming that the rate of college education continues at its current pace, Millennial parents can expect their newborn’s college education to be US$205k, making the total cost of raising a child over US$500k.
Source: Goldman Sachs
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But I am perfectly healthy on no meds and you are the one who is on anti-depression m/anxiety medication. Perhaps it is you who should layoff with your backward misogynist view?
Btw if you think my comments are contradicting that's because I'm using your own poison comments with just a little change in reference. Like I say I hope you like the taste of your own poison.
No I think you are devoid of introspection or validity and you simply attached yourself to others words once defeated and flail away pathetically! Very girlish actually!
Brilliant! I think you just described yourself!! Hello to your mirror opposite as hole.
Now you've gone totally girly! Hardly prorper for a pro-active radical!
My kids are in their 20's and all are thin, but I have noticed that it seems like more than half of all young women are VERY FAT. WTF will they look like in their 30's after a baby or two? I don't see how these guys are fucking all of that disgusting flab. I would not touch that shit with a 10 ft pole.
I can't wait for the exhaulted well-educated & visionary 'feminist' community to ultimately blame MEN yet once again for the epidemic of female sadness, depression, suicide & dispair which the social 'engineers' single handedly created! You can bet your bottom dollar they will not take a single iota of responsibility or blame! And boy 'o boy they sure have screwed things up real good!
I can't wait for misogynist male like you to die out, I think 99% of wars in the world happen because of your type. When the day comes it will be peace and we will celebrate when that day comes.
And boy 'o boy men like you sure have screwed things up real good!
Oh yes once again the 'death' facination rears its ugly head - a truly progessive obsession and facintation of our day! Personal needs and feelings superceding the value or sanctity of life! Abortion, euthinasia, assisted suicide etc all the devil's play ground of the superior visionary social engineer in action! The 'hits' just keep on comin'!
Now that comment just sounds like total gibberish, perhaps you missed your med for the day? Hurry up and go take some meds and then come back with a fresher brain for next comment.
Nice try! Denial is not just a river in Egypt honeybun! But I suppose your 'meds' recommendation are the ultimate fall-back solution for the disastrous results of the so-called enlightened feminist movement. I suppose it does explain the epidemic explosion of the consumption of anti-depressants and stimulants - especially by females!!!???
I'm sorry but I don't take any drugs or drink any alcohols, perhaps you should get in touch with your inner self-worshipper to ask why you are such a mess up dude? There are a record high number of males on all sort of behavior or ADHD meds why is that?!!??? Ask yourself!
I know you are depress as you have told us that in the past couple of posts, however don't try pin your problem on other people, not everyone is depress or on some sort of meds, it's just you and/or your miserable companies.
Hmmmm....I wonder if the proliferation of record male ADHD is a result of the progressive feminism? Nahhhhh...because we all know that its too good to be true!
Yeah let's see just blame everything wrong under the sun on the females just so you can inflate your fragile ego. While you're at it, blame your mother for your ducking existing ok? And go take your meds, seriously tho if your meds isn't helping with your depression then consider offing yourself not body except for misery will want your company.
There ya' go again with that death reference! I worry that it is begin to consume you ... but I understand all the loneliness, frustration, anxiety and despair single women go thru nowadays with all this new fancy pro-active social order paradigm!
loneliness, frustration, anxiety and despair Is that all you think of? No wonder misery loves your company. You need some serious meds to get your mind out of all those negativity or perhaps you should try and look In the mirror and realize that the ones who caused you all those loneliness, frustration, anxiety and despair all no other but yourself.
Sorry but I don't and can't relate to your depressed moods, and I won't want to be part of your misery company either.
Not for the pristine lezbo-homo community because let's face it sinful same sex fornication is the perfect answer to all of our social challenges! Not great for demographics but it has definately been a boon for the Planned Parenthoood baby replacement parts industry! I'm just a little more concerned about the vulnerable youth that your wonderful community bullies & bashes with its twisted self-serving soul-destroying propaganda! And we all know that you like to 'target' the young ones don't we?
Babies are too costly.
Save your monies honies and use 'em to live a better life.
Reproduction is the biggest no-no in an Excessionary World.
Totally agree with this comment! Spend the money to the betterment of your lives.
Hail! The exhalted words of the intellectual giant of our times! Dang it ... you should have said that in the first place! The clarion call to all young inpressionable wymin of the day ... forsake child rearing and family formation and self indulge and buy useless possessions while amuzing yourself. Such depth & latitude ... beyond profound!
Wymin is that a clay? Somehow to you if a women choose to forsake child rearing and family formation, you will label them as self indulgent and buy useless possessions or selfish. Its good thing women have more choice nowadays rather than listening to your bs. However for males like you, you should congratulate the women on not relying on men after all isn't that what you ask for in the beginning? A non-whore, non-gold digger, non-bitchy woman? A woman who can stand on her own and not rely on men.
Why do I persist? In the attempt to make a bit of sense that I'm sure will be totally lost on your superior mind ... according to your great insight a women who decides to get married and raise a family is either a whore, gold digger or dependent bitch. Right. A truly magnificent stream of conscientiousness to share with the world and well ahead of its time! Bravo!
Nobody ask why you persist but I guess you are really trying to answer your own question? Dude truly you sound like your about to lose it and it is funny as you can get so work up by this blog.
"raise a family is either a whore, gold digger or dependent bitch. Right"
According to your misogynist mind that must be right.
And like a typical women (sorry buts it true and I hate to shatter your illusions) you try to get the last word in while denying your own words irrespective if it is supportable or if it makes any sense. You got me thinking you hate both men and women and I'm not sure what mind that is? My guess is that you dumped by your high school sweetheart for a cheerleader and never quite got over it - or that you were simply ignored due to internal emotional turmoil.
Trying utilizing your liberal art psychology degree here? Too bad I was more focus on my schooling than caring for those stuff, it's how I graduate in top of my class and getting a degree that makes more money than you miserable prick. I don't hate men and I certainly love women myself, however I am merely replying all the same shit comments that men usually use to apply to women. Don't like it? Too bad you should look at your mirror first.
Heyyy there Snow Flake there's nothing wrong to admit you're a man hater. We all know it's quite fashionable and an accomplishment to man bash in the radical community and a great fall back to blame men for all the problems of the world! I pretty much had u pencilled in as a carpet licker with a dash of penis envy thrown in there for good measure. I can only assume this is the new fresh 'lifestyle alternative' you want to introduce to all the women of the world? I'm sure you will give all those young fresh-faced impressionable vulnerable girls a heads-up that the hyperventilating lezbo community is extremely unstable with the highest incidence of seperation, depression, gay-girl divorce & alcoholism. Seems like quite a pile of chicks aren't really that much into each other as they let on despite all of the unicorns & rainbows! Where in the heck would we be without all of that great stuff?
Why doesn't Itchy and Scratchy, and Peanut Butter E just go get a room? You know you want to.
I don't know about you but I find those hairy bitter radical feminist hottie types irresistible! Especially the man-hating self loathing types! Total turn ons! She'd be licking peanut butter off my genitals before she got out of her flannel shirt and work boots!
You sound like one of those animal freaks who like to fuck with dogs or goats? Muslims fuckers? You use peanut butter on your genital just so your dog or goat will lick it? I guess desperation call for desperate measures, but animal Perves like you should be put in insane institute for the safety of all others or better yet they should just put you out of misery.
Well isn't this a precious response from one of the self-annointed enlightened 'non-racist' social engineers of our day? I'm flattered that you think I was talkin' about you ... but I was actually referring to your bull-dyke ex-GF that you managed to convert back to the straight community! You are far too girly for me! And btw that's death threat reference #5 so I hope your not a carry & concealer!