Analysts say this will have a long and profound impact on the economy for many years to come
by Steve Watson
Research has concluded that the US will experience 500,000 fewer births in 2021, as couples choose not to have children because of the coronavirus fallout.
The findings by the Brookings Institute were published last week in the Wall Street Journal, which noted that there will be “between 300,000 to 500,000 fewer births in the U.S. next year, compared with a drop of 44,172 last year.”
The numbers equate to a 13% drop from the 3.8 million babies born in 2019.
The “analysis, partly based on what happened following the 2007-2009 recession, is that weaker job prospects equate to fewer births,” the report further notes.
“Women will have many fewer babies in the short term, and for some of them, a lower total number of children over their lifetimes,” the research, previously previewed in the Summer, noted.