ilmscore | Why Our Generation Stopped Having Kids

Why Our Generation Stopped Having Kids

Published: 2024-09-16
Status: Available | Analyzed

Predictions from this Video

Total: 11
Correct: 0
Incorrect: 0
Pending: 11
Unrated: 0
Prediction
Topic
Status
Global population growth is projected to stop by the year 2100.
"according to the Pew Research Center population growth is projected to Flatline by the year 2100"
Global Population Growth
Pending
South Korea's population could be halved within two generations if current trends continue.
"if this trend keeps on going South Korea could see its population cut in half in just a couple Generations"
South Korea Population Decline
Pending
The cost to raise a child to age 17 in the US is approximately $300,000, rising to over $400,000 with college expenses.
"raising a child in the US is expensive really expensive it costs about $300,000 to raise a child to age 17 and that doesn't include education if you factor in college that number jumps to over $400,000"
Cost of Raising a Child
Pending
Raising two children to age 22, including education and housing, is estimated to cost an average of $750,000.
"another study found that parents raising just two children until they're the age of 22 would cost them an average of $750,000 including the cost of everything factoring education in a bigger house for a bigger family"
Cost of Raising Children (Multiple)
Pending
Factoring in inflation since 2017, the estimated cost of raising children (as per previous study) would be closer to $1 million.
"those studies were done between the years 2014 and 2017 so factoring inflation since 2017 means that the new estimate would be a lot closer to $1 million"
Inflation Adjusted Cost of Raising Children
Pending
The percentage of people wanting to be parents in the US has decreased from 83% in 2003 to 51% in 2024.
"back in 2003 83% of people said they wanted to be a parent fast forward to 2024 and that number dropped to 51%"
US Desire for Parenthood
Pending
In Canada, the percentage of people not wanting children rose from 7% in 2001 to 34% in 2022.
"in Canada the numbers tell a similar story in 2001 only 7% of Canadians said they didn't want kids but by 2022 that number jumped to 34%"
Canadian Desire for Parenthood
Pending
Declining birth rates will lead to fewer young people entering the workforce, causing labor shortages for companies.
"as the birth rate declines less young people will enter the workforce and that makes it harder for companes to find employees and this could lead to what's called a labor shortage"
Labor Shortages
Pending
With fewer workers per retiree, the burden on the working population for Social Security and pensions will increase, potentially leading to higher taxes and reduced benefits.
"when there's only two workers for every retired person the financial burden on the working population has to increase it means more people having to contribute more to Social Security and pensions which can lead to higher taxes and reduced benefits"
Social Security and Pension Burden
Pending
Dual-income no-kids (DINK) households save an average of 9% more than dual-income households with children.
"the Census Bureau found that dinks saved an average of 9% more compared to those with a dual income and with kids"
DINK Savings
Pending
DINK households have a higher median net worth compared to households with children.
"they were also found to have a higher median net worth"
DINK Net Worth
Pending