Economic cycles and fertility

Calculated Risk notes:

... both the number of births, and the birth rate, declined precipitously in the late '20s as more and more families put off having children because of hard economic times (Times were tough for many families even before the stock market crash of 1929).

The original baby bust last throughout the '30s.

There is no evidence in this 2007 data of families putting off having children now. In fact the birth rate and total fertility rate were increasing in 2007.

Now we know who will pay off all that debt!