Theoretically you could hit replacement rate by making everyone a millionaire
I might argue its a cultural shift as much as an economic one. We spent the 80s and 90s shaming people for having kids before they were “ready”, with “ready” meaning first “graduated high school” and then “graduated college” and then “owned a home” and then “had sufficient savings and health care”.
I ended up waiting to have kids until I was in my late 30s. And I only really have the time and energy and finances to support one. Would love to have a house full of kids, that’s not happening this late in life.
I might argue its a cultural shift as much as an economic one. We spent the 80s and 90s shaming people for having kids before they were “ready”, with “ready” meaning first “graduated high school” and then “graduated college” and then “owned a home” and then “had sufficient savings and health care”.
I ended up waiting to have kids until I was in my late 30s. And I only really have the time and energy and finances to support one. Would love to have a house full of kids, that’s not happening this late in life.