Birth rates are falling in the U.S. After the highs of the Baby Boom in the mid-20th century and the lows of the Baby Bust in the 1970s, birth rates were relatively stable for nearly 50 years. But during the Great Recession, from 2007–2009, birth rates declined sharply—and they've kept falling. In 2007, average birth rates were right around 2 children per woman. By 2021, levels had dropped more than 20%, close to the lowest level in a century. Why?

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