Millennials choosing to be DINKs could push GDP down by as much as 4%

Determining if you have children is a deep personal choice for any individual, but the increasing resistance to become religion now represents challenges for society as a whole.

The raw birth rate in the United States has decreased by more than half since the 1960s. For each of St. Louis Force, about sixty years ago, about 24 children were born per 1,000 people, in 2022 this number reached 11.

This decline – which has been dedicated to the fact that the country’s residents live longer – is a serious concern for economists who are wondering how economies work with fewer people available to do work.

Melinda Mills is a professor of urbanization and health in the Population Department at Oxford University at Oxford University. “Low fertility sustainable along with the average life expectancy leads to the aging of the population,” Mills explains.

“This causes strains in the labor market, such as health care for the oldest population, closing schools, rethinking housing and infrastructure, and rethinking retirement and retirement systems.”

The decrease from GDP of this advanced population can be up to 4 %, James Pomiroy, global economist at HSBC, Business Insider.

Do Americans have fewer children?

Experts previously believed that the economies will witness the “child’s stumbling” stumbling “after”, driven by a short increase in births in 2021.

But the data from 2022 and 2023 made it clear that births were due to its direction before the guardianship with couples who are increasingly choosing a DINK lifestyle (DINK), where the Center for Control of Diseases last year stated that in 2023, US fertility rates decreased to a historical decrease of about 55 born per 1 thousand of the ages of 15 to 44.

“In the low confidence scenario, the number of people in the traditional action age may start within 20 years,” Mills warned, although Mills warned of tension between fewer births and older population.

She explained that many countries are already struggling to fill health care positions, which previously relied on immigrant workers to fill them.

“This has happened in the UK, for example, where there were about 33 % of immigrants working in the health care system,” said Mills, director of the Leverhulme Center for Demographic Sciences, said. luck.

“This has also caused political tensions, as the two countries are increasingly facing options for maintaining workforce systems and pensions, while thinking about re -appointment or urging the inactive inactive population in the labor market.”

For HSBC’s POOROY, this will be tangible efforts on people’s daily life: “You will find it difficult to find someone to cut your hair, do your nails, and prepare X -ray machines in the hospital. The huge decrease in the number of people … becomes a problem.”

What is the millennial generation that has fewer children?

Young people have many reasons for the lack of desire for children at the present time: expensive childcare, an inductive housing market, high costs of groceries and home necessities, career disruption, and fears of the future of the planet.

A research study in Pio in July 2024 spoke to more than 3000 people who had or not planning children.

Among those between the ages of 18 and 49 – who often fall into the generations of general and millennial generations – who said they have not planned to have children, the highest reason is that they did not want to focus on other things or want to focus on them.

In addition, 38 % said they did not want to have children because they were concerned about the state of the world, and 36 % said they could not raise a child.

26 % of others said they did not want to have children due to environmental fears and 24 % said they would not have children because they did not find the appropriate partner.

One of the factors that affect birth rates is to increase the strength and impact of women within the economy.

“The main causes are multiple, including transformations like women who get higher education and stay in the labor market, family reconciliation, as well as housing problems, gender equality, and uncertainty in the future,” Mills explains.

“The age of the first birth is also higher than 30 in many countries for women and even men higher in 32 years or older. This also causes increasing biological limits to fertility.”

The couple asks whether they can get a profession and a child

Another consideration of many Dink husbands is the freedom they can enjoy in their career if they do not have pressure from children to provide them.

Sheather McLean and her husband Scott Kerich toldluck In 2023 that The choice of not having children has allowed them to obtain a “rose and gardener” approach in their career – the idea that although someone can grow and risk, the other remains a stable supporter.

McLean said: “I never thought that I was leaving my job to try to write a book.

“But then, I took enough time to think about what I really wanted to do if I could do anything, and it took a lot of persuasion and months of assurances that I can spend in time and decide that.”

A copy of this story was originally published on Fortune.com On November 19, 2024.

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This story was originally shown on Fortune.com

2025-03-19 14:29:00