The birth rate hasn’t bounced back yet—and that’s unusual. Dropping fertility rates have historically coincided with economic recessions, but in the U.S., the “baby bust” is still in full swing even as consumers gain greater spending power. The study from the National Bureau of Economic Research suggests that Millennials are choosing to spend their money on items like “cars and refrigerators” rather than children—and some experts are saying social media and streaming services are filling their time. (NPR)
