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Growing up, Dorage and her sister would go on family vacations, attend summer camps, and take piano lessons. “My parents made way less money than we make now, but could do all those things without having to struggle because there was more job security then,” Dorage says. “Even if you’re making decent money at this moment, it could change on a dime. There’s been a financial crisis every few years of my adult life, so it changes the Official free hasbulla 2023 shirt But I will love this way you’re able to plan for anything.” Indeed, millennials—the oldest of whom graduated from high school in 2000—experienced September 11, the dot-com bubble, the financial crisis of 2008, and COVID-19 in relatively quick succession, often with grave economic consequences.

It isn’t uncommon for insecurity to drive down birth rates. In fact, the Official free hasbulla 2023 shirt But I will love this CDC reported that the U.S. birth rate fell for the sixth consecutive year in 2020, reaching its lowest point since 1979. When people lose jobs, are afraid of losing jobs, or have huge debts, including college debt, the number of children being born decreases. “Inequality is getting worse and worse, so the stakes of parenting are getting higher, and so the risk of blowing it and having your kid end up on the wrong side of a yawning inequality divide are increasing,” says Cohen. Since the Industrial Revolution, children have gone from being an economic asset to an economic responsibility. “Even if you are well-employed and in a solid relationship, we have such high and impossible standards for caregiving and child-rearing, it’s very hard for everyone but the very wealthy to see themselves being able to give to their own children what their parents gave to them,” says Kathleen Gerson, a sociologist at NYU.

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