There was a time when I didn’t know for sure if my family would grow to a family of four. Once we got over the shock of adjusting to being new parents, my husband and I quickly realized that financially, we weren’t sure if we could afford to have two kids, and I wonder how much of this weighs heavily on the minds of other parents.
Probably a lot. The U.S. birth rate hit an all-time low in 2012. According to the Centers for Disease Control and Prevention, there were only 63 births per 1000 women as compared to 127 births per 1000 women in 1909, when the government started tracking the fertility rate. This trend has also been linked, for some, to a struggling economy. As parent-hopefuls begin family planning, finances continue to play a huge role in the decision-making process as to how many children they can afford.