Forget the Dow and the GDP. Here’s the latest economic indicator: The U.S. birth rate has fallen to its lowest level in at least a century as many people apparently decided they couldn’t afford more mouths to feed.
The birth rate dropped for the second year in a row since the recession began in 2007. Births fell 2.6 percent last year even as the population grew, numbers released Friday by the National Center for Health Statistics show.
“It’s a good-sized decline for one year. Every month is showing a decline from the year before,” said Stephanie Ventura, who oversaw the report.
The birth rate, which takes into account changes in the population, fell to 13.5 births for every 1,000 people last year. That’s down from 14.3 in 2007 and way down from 30 in 1909, when it was common for people to have big families.
The situation is a striking turnabout from 2007, when more babies were born in the United States than any other year in the nation’s history. The recession began that fall, dragging down stocks, jobs and births.
“When the economy is bad and people are uncomfortable about their financial future, they tend to postpone having children. We saw that in the Great Depression in the 1930s and we’re seeing that in the Great Recession today,” said Andrew Cherlin, a Johns Hopkins University sociology professor.
“It could take a few years to turn this around,” he added.
The birth rate dipped below 20 per 1,000 people in 1932 and did not rise above that level until the early 1940s. Recent recessions, in 1981-’82, 1990-’91 and 2001, all were followed by small dips in the birth rate, according to the Centers for Disease Control and Prevention.
The Great Recession “is definitely a deterrent” to people having more children, said Dr. Michael Cabbad, chief of maternal health at the Brooklyn Hospital Center, where births declined from about 2,800 in 2008 to about 2,500 last year.
Nearly half of low- and middle-income women surveyed a year ago by the Guttmacher Institute said they wanted to delay pregnancy or limit the number of children they have because of money concerns. Half of those women also said the recession made them more focused on contraceptive use. Guttmacher researches reproductive health issues.
Besides finances, experts said a decline in immigration to the United States also may be pushing births down.