U.S. BIRTH RATE FALLS TO RECORD LOWby John G. Baresky on 05/05/21
DECLINE IN U.S. BIRTHS REFLECTS GLOBAL TREND
On a global basis, birth rates have decline significantly. During 2020, it was approximately 18.077 birth per 1,000 persons. This represented a decline of about 1.12% from 2019 which amounted to 12.282 births per 1,000 people that demonstated a decline of about 1.1% from 2018.
A Distinct Decline In U.S. Births in 2020
While a global trend in declining births was underway well before the pandemic, the latest drop in births within the United States is fully attributed to the COVID-19 pandemic.
The birth rate in the U.S. demonstrated a distinct drop of 4% in 2020, the lowest since 1979. Only 3.6 million babies were born during the year in the United States as the new decade got underway.
Key factors in U.S. birth rate reduction include couples getting married later in life, women choosing to pursue professional careers for longer periods of time and personal decisions of individuals to have smaller families.
The Global Pandemic Is A Core Reason For The Reduction Of Births
COVID-19 has been the main driver in the recent curtailing of birth rates and historically speaking, economics has been a major factor in birth rates.
1979 was a particularly challenging fiscal year and a culmination of a series of prohibitive economic events including a spike in oil prices and inflation that resonated across numerous aspects of business events and personal lives.
A Baby Boom In 2022?
It is still too early to tell what the actual birth rate will in the United States in 2022. Much of it pivots around how fast the threat of the pandemic descends and how robust the U.S. and world economy is.
As of now, 2021 is expected to have a birth rate of 12.5 per 1,000 persons. 2022 is now less than 8 months away and if vaccination rates continue to climb and new antiviral therapies are introduced to the marketplace, a rebound in birth rates can be optimistically anticipated.