Babies and Recessions Don't Mix

By Daniel Indiviglio

As Americans reevaluated their fiscal health in light of the economy's turmoil, they cut costs and saved more money. One extremely significant expense for many families is children. So you might not be surprised to learn that Americans may have responded to the recession by having fewer kids. The Associated Press reports:

The U.S. birth rate has dropped for the second year in a row, and experts think the wrenching recession led many people to put off having children. The 2009 birth rate also set a record: lowest in a century.

Births fell 2.7 percent last year even as the population grew, numbers released Friday by the National Center for Health Statistics show.

"It's a good-sized decline for one year. Every month is showing a decline from the year before," said Stephanie Ventura, the demographer who oversaw the report.

I think I just heard the Social Security fund sigh.

Read the full story from the Associated Press.

This article available online at:

http://www.theatlantic.com/business/archive/2010/08/babies-and-recessions-dont-mix/62158/