The decline in fertility rates has been the most dramatic in the 20-24 and 25-29 age groups, reflecting changing societal norms and financial pressures.
Research shows that millennials often cite financial instability, lack of readiness, or not having found the right partner as key reasons for delaying parenthood.
Despite a record low in births, the number of women of child-bearing age rose to 12 million, indicating a complex demographic challenge in the fertility landscape.
To maintain population levels, fertility rates need to be around 2.1 children per woman, but current trends indicate significant long-term declines.
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