Understanding Declining US Fertility Rates

US fertility rates hit a record low in 2023 with a total fertility rate of 1.62 births per woman, representing a 2% decline from the previous year. This trend is influenced by various factors such as women choosing to have fewer children later in life, prioritizing careers, and facing economic challenges like student debt and high childcare costs. The decline in fertility rates is a reflection of societal changes and choices made by individuals regarding family planning and economic circumstances.