Plain English with Derek Thompson cover image

The Radical Cultural Shift Behind America's Declining Birth Rate

Plain English with Derek Thompson

NOTE

The Opportunity Cost of Fertility Decline

As countries become richer, individuals in affluent societies have more leisure time and entertainment options, leading to a higher opportunity cost of having a baby. In modern times, the abundance of choices for a 20-something in the 21st century can make adding a baby to the mix overwhelming, with children being seen as a sacrifice and a bad bargain due to the multitude of opportunities available.

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