The U.S. birth rate has fallen by 20% since 2007. This decline cannot be explained by demographic, economic, or policy changes.
“Up until the Great Recession, the number of babies born per woman in the United States had been quite stable for the previous three decades.
However, the U.S. birth rate has fallen precipitously since the 2007 Great Recession, with no signs of reversing.
The combination of a smaller workforce and an aging population puts fiscal pressure on social insurance programs, like Social Security, that rely on tax payments from current workers to pay the benefits of current retirees.”
https://econofact.org/the-mystery-of-the-declining-u-s-birth-rate
