Research shows that fewer babies are born during a recession. Children are often the most expensive item in a family’s budget. So, in 2008 birth rates started to decline after rising to their highest levels in two decades. In 2007, the US birth rate broke a 50-year record high, set during the baby boom. But in 2008 births began to decline by nearly 2 percent.
Figures from the National Center for Health Statistics, show that births declined in all but 10 states in 2008 compared with the year before. Overall, 4,247,000 births were recorded in 2008, 68,000 fewer than the year before. In 2009, as more people were seeing the effects of layoffs and economic uncertainty, births decreased even faster.
Historically, birth rates have fluctuated with the economy. Record lows were recorded during two economic crises: the Depression in the 1930s and the Arab oil embargo in the 1970s. From data collected, the birth rate seems to have leveled off since the sharp decrease in 2008/2009, with 13.83 births per 1000.