Posts Tagged ‘ millennials ’

Millennials Aren’t Planning on Having Children. Should We Worry?

Friday, January 10th, 2014

Millennial Planning PregnancyAnother year, another study about Millennials doing something differently than the generation before them. It may come as a shock for some people that the number of young women planning to have children dropped from 78 percent to 42 percent in just 20 years, according to Stewart Friedman, author of the study and professor of management at the Wharton School of the University of Pennsylvania. But as a Millennial, these results don’t surprise me.

A few months ago, I wrote a post on this blog about Millennials questioning whether or not they can afford to have children. For a student debt-ridden generation who entered the job market during a rececession, providing for a family is a stressful idea. Dr. Friedman echoed this sentiment on the nytimes.com Motherlode blog (and in his book Baby Bust: New Choices for Men and Women in Work and Family):

Millennial students were steeling themselves to enter jobs where a full-time commitment means working 72 hours a week. A majority of Millennials in the study said they wanted to have children someday; they simply didn’t see how they could make it work.

The median age of marriage is at a historic high (27 for women, 29 for men). Even though most Americans without a college degree have kids before marriage, those with a degree still put childbearing after marriage, according to the National Marriage Project’s 2013 “Not Yet” report. Dr. Friedman surveyed graduating students for his study, so we need to take these facts into consideration. For what it’s worth, I can tell you that when my friends and I graduated college four years ago, planning a family definitely wasn’t in the “five-year plan.”

But before we get all anxious about the potential population decline ruining the economy (and decreasing our readership), let’s take a step back and think about what these results tell us — not much. Just because you don’t plan on something, doesn’t mean it won’t happen. I didn’t plan on getting a stain on my new white blouse today, but it happened anyway. You probably didn’t plan on reading this post either (gotcha!).

In fact, according to a study published in 2011, 49 percent of pregnancies are unplanned. UNPLANNED! Plus, people change and evolve, especially during their twenties. So please, digest these statistics and remember that we Millennials are just debt-ridden singles who will get there (don’t worry, Mom!). We just need a little time.

If you are trying to get pregnant, check out this video of ways to get pregnant faster:

Trying to Conceive: 5 Ways to Get Pregnant Faster
Trying to Conceive: 5 Ways to Get Pregnant Faster
Trying to Conceive: 5 Ways to Get Pregnant Faster

Also, check out our large selection of pregnancy books on Shop Parents.

Image courtesy of Shutterstock

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Will Millennials Be Able to Afford to Raise Children?

Friday, August 23rd, 2013

“How will I ever be able to afford to raise a child?” This question has been on the mind of many Millennials (including my own) recently. Recent reports of what it costs to raise a child are filling us with panic, especially since we know that it’ll be years before we start families (when the cost will be even greater).

Redfin says that Baby’s first year alone costs about $26,000, and CNN Money reports that it costs $241,080 to raise a kid from birth to age 18. That doesn’t even include the cost of college!

There are many good reasons for these numbers to put us into this premature panic. The cost of living has gone up since we were born in the 80s and 90s. We’ve seen our families go through the economic recession while many of us were in college and watching our tuition rise year after year. Because of this, many of us graduated with tens (even hundreds) of thousands of dollars in student loans and hunted for jobs during a recession. It’s difficult to make ends meet for just one person, so it’s no wonder the thought of having enough money to afford a good life for a child makes us anxious.

A few friends of mine (including my awesome friend Melanie who did the CNN Money study) have calculated how much they think they need to make and save each year to be able to afford a child. However, knowing that number and being able to save it are two very different things. Who knows if it’ll be possible to actually save up that much based on current financial commitments. I’m very eager to see how financial stress will impact the next generation of families. Will knowing these mega costs make Millennials create smaller families than our parents and grandparents made?

Millennial moms, how much influence has money had in your family planning?

Image: Woman with piggy bank via Shutterstock

 

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