Tuesday, April 05, 2011

Debt, But Nobody There to Pay It

It was clear that people born after, say, 2000, would be paying off a large US debt.

But it may happen that nobody will be home when the collection agency calls.

The birthrate in the United States has fallen to 2.01 children per woman, which is below the replacement rate of 2.1.

The birthrate plunged from 2.08 to 2.01 between 2008 and 2009; the decline affected all races and age groups except the 40-44 age group. “For the first time in years, the rate of births to unmarried women declined,” observes Mary Mederios Kent of the Population Reference Bureau. “However, births to married women declined even more, which pushed the percentage of all US births to unmarried mothers to 41, an all-time high.” --CathCulture quoted at CMR

So maybe someone will be home, but they won't call their dad?

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