How Do We Turn the Trend Around?
Over the last few decades, our culture has migrated toward tolerance. Tolerance of the decay of marriage, acceptance of divorce and cohabitation and even gay marriage in a growing number of states. This along with the trend toward having fewer children, for a variety of reasons, has put our nation at risk of a multi-decade decline in the population.
The US birth rate has always declined during periods of recession. But the birth rate has always climbed to new highs after recessions – except this time. The US birth rate has continued to decline to a record low since the recession of 2007-2009. This is alarming.
At the same time, the number of single Americans continues to climb to record highs. The rise in singles who do not reproduce is an equally troubling demographic. This suggests that the institution of marriage is in jeopardy for all the reasons discussed above.
Somehow, we need to re-instill the importance of marriage in our culture. And sooner rather than later. That may not be a panacea for a rising birth rate, but it is a place to start. Marriage is an institution which ought to be celebrated, nurtured, and defended because its health is integral to the success of our culture.
All of these issues noted today – the falling birth rate, fewer marriages, record number of singles, etc. – are very important developments for our society and cannot be adequately addressed in such a short space as this. There are also far-reaching implications for saving and investing as well. Thus, I will be writing more on these topics in the weeks and months to come.
Best holiday wishes,
Gary D. Halbert