
The Radical Cultural Shift Behind America's Declining Birth Rate
Plain English with Derek Thompson
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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