Baby limbo: Millennials struggle to find the right time for parenthood
From Yahoo Finance
By Mandi Woodruff January 17, 2015 9:27 PM
Mandy Wallace, 30, never doubted who she would wind up with. She was a teenager when she met her high school sweetheart, Nathan, 31, in their hometown of Bakersfield, Calif. By the time they graduated college in 2009, both with degrees in English, they were already married.
They had talked about having children for years, but with graduation came an unwelcome reality check: a combined $60,000 worth of student loan debt.
“It was paralyzing thinking about how we’d manage to give kids everything they deserved [with this debt],” says Wallace, a fiction writer and writing coach. “It’s enough to make me wonder why anyone feels safe having kids at all.”
Like many other recession-era millennials, she and Nathan decided to put off parenthood for a few years, following a trend that, along with an apparent lack of interest in homeownership, some have worried might stymie economic growth.
Birth rates among 20- to 24-year-olds were down 2% between 2012 and 2013, and birth rates among 25- to 29-year-olds have fallen by 1% each year since 2008, according to the CDC. Despite economists’ fears, however, it doesn’t seem millennials are foregoing the institution of family altogether. Birth rates among older millennials (30- to 34-year-olds) are actually on the rise — up 2% in 2013.