recession curbs fertility
Experts are now predicting that the fertility rate will be down due to the recession. This has proven to be true during the last four ressions the U.S. has had. This recession is expected to be the same. With all of the record foreclosures, crisis on Wall Street, as well as the high prices of both food and fuel, no wonder people are delaying the idea of bringing a child into this world.The American Psycological Association has done a study which shows that around 80% of the people are extremely stressed out over the economy. This is making people postpone the idea of starting or even extending a family.
People are not wanting to extend or start a family, when they are already struggling to get by.
Though no wonder families are thinking twice about starting a family. The cost of raising a child annually is around $11,000. This estimate is according to a recent study by the United States Department of Agriculture. This study was extimated for a child in a home of middle income with two adults and two children.
Though with the economy in a spiral couples are forced to evaluate the costs of fertility such as in vitro fertilization which costs on an average of $12,000. Though several doctors have confirmed that their patient loads have not as of yet changed. The average pregnancy lasts around 38 weeks, and the expected drop in fertility wont be apparent for some time yet.
Economic data shows that after the last four recessions there was a dip in the fertility rate. This is according to the National Bureau of Economic Research as well as the National Center for Health Statistics which is a division of the CDC.
When planning on starting a family or enlarging it, finances are one thing that must be considered first and foremost. Everyone wants their children to have the best, so good finances to support a child are a must.
|