Depression and low fertility. Coincidence?

Wealthy societies are struggling with twin crises: depression and low fertility. Is this a coincidence? Happiness and hope for the future may be necessary conditions for voluntary child rearing. If you think society is doomed, you may not wish to bring children into this world. Iranian exiles told me precisely this, in desperation for their country’s future. Whereas if you think life is great and full of promise, you may be more excited to bring up kids. South Korea has incredibly high rates of male and female suicide. The birth rate, meanwhile, is ultra low: 0.84 births per women. These two facts may be connected.