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Thursday, April 25, 2024

Millennials want kids, just not now

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BY BEN STEVERMAN

Bloomberg News

 
Baby boomer women transformed American family life. They made the choice to have fewer children, work outside the home, and raise children as single moms. {{more:[read more]}}
 
Subsequent generations of women have largely followed their lead. There are no signs that most millennial mothers want to go back to the big families of the post-World War II era, for example.
 
But, just like so-called Generation X, millennials have also made surprising choices of their own, some of which are just starting to show up in demographic data.
 
boomers tended to have 1st child by 30 …
 
When and whether women have kids is a decision with serious economic consequences that affects their education and career trajectories. Boomer women tended to get married and have their first children by age 30. Those who opted for college or graduate school were far more likely to remain childless.
 
A Bureau of Labor Statistics study released last month of younger boomer women, those born from 1957 to 1964, showed that 70 percent became mothers by 30. By their late 40s, 83 percent of them were mothers, with an average of 2 children each.
 
now not in such a rush to be parents …
 
Older Parenthood?
Younger generations haven?t been in such a rush to be parents. Generation X ? and millennials even more so ? are waiting longer to start families, especially over the last several years.
 
The birth rate for teenagers and women in their early 20s has dropped quickly in the last few years, and birth rates for older American women are going up.
 
Births by women over 40 are still relatively rare, but their birth rate has doubled since 1990.
 
still want kids ...
 
As a general proposition, Americans still say they want kids.
 
Since the 1930s, Gallup has been asking about ?the ideal number of children for a family to have.? In 1957, the average answer was 3.6. By 1977, it plummeted, to 2.6, but then the decline stopped.
 
In 2013, the most recent survey, the average ideal number of children was also 2.6, and the most popular answer was 2 children, given by 48 percent of respondents. So we want children, only later.
 
choice is 2 kids …
 
But will Americans put forth the number of children they say they want? It?s not clear if the rise in fertility by thirtysomethings and fortysomethings is enough to make up for significantly fewer births among teens and young adults.
 

Millennials may eventually get around to having the same number of children that their mothers did, but they?ll need to do so at much later ages.

Averages have climbed since 1971
one factor is marriage…
 
Millennials are getting married later than their parents did. That doesn?t necessarily mean they?re going to abandon the institution entirely, especially if they?re having kids. In 1960, almost 9 in every 10 children were growing up in a home with two married parents. That fell rapidly in the 1970s and continued to fall at a slower pace in subsequent decades. By 2012, 64 percent of kids were living with both parents.

Read more by Ben Steverman here

 

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