Since the 2007 economic recession, the U.S. has seen a steady decline in fertility. It also doesn't help that young Americans choose to either postpone having children or not have them at all. According to the CDC, the general fertility rate is 62 births per 1,000 women ages 15 to 44. While birth rates for those in their 30s and 40s have increased, it's not enough to make up for the lower numbers in younger women.
Much of the blame for this falls on debt and childcare costs. Younger females are seeking higher education degrees and find work in their 20s. Therefore, graduating with massive student loan debt, especially with education costs skyrocketing. Nearly 40% of young Americans live with their parents or relatives as they try to pay off student debt. Did you know that, according to the Federal Reserve Bank of New York, student loan debt has grown more than auto loans, credit card and home equity loans debt combined since 2003? Yikes!