Friday, February 1, 2013

Increasing Student Debt = Shrinking Demographics

From the Christian Science Monitor (h/t Instapundit):
American women of childbearing age are having babies at a rate of 63 per 1,000 women – nearly half the peak rate of the baby boom era of the 1950s, the Pew Research Center reported at the end of 2012.

No surprise, recessions typically coincide with a birthrate dip, as financial uncertainty prompts couples to postpone adding new mouths to feed. But the economy is recovering, and there's no sign yet that the birthrate is rebounding. Some analysts now wonder if the unprecedented scale of early indebtedness stemming from student loans, affecting nearly one-quarter of the overall US populace of childbearing age, has become a permanent deterrent to parenthood.

"This is something that we have not had during earlier recessions," says Chris Christopher, senior economist at IHS Global Insight, an international consulting group. If college costs keep rising and students continue to borrow heavily to pay for their education, the record-low birthrate may become the "new normal," he suggests. "This is a real monkey wrench in the works of our families and economy."
Read the whole thing.

1 comment:

  1. The economy is not recovering. Scratch beneath the surface of the economic headlines and you will discover that the economy is continuing its decline that began in 2007. (Look at BLS data, ShadowStats.com, and ZeroHedge.com) The Federal Reserve continues with new waves of QE to pump the DOW - that is the only reason anybody is saying the economy is recovering.

    Student loans are not dischargeable in bankruptcy. Students are graduating from college and discovering that they cannot find jobs, thanks to the declining economy, that allow them to service their student loan debt.

    The official answer to declining native-born family size is immigration. Unfortunately, government policy is aimed at encouraging the immigration of uneducated, unskilled, third-world immigrants hostile to American society with no desire to assimilate.

    ReplyDelete

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