In an era of population implosion, governments are increasingly incentivizing childbearing. The financial costs of raising children, however, far outweigh any offered subsidies, highlighting a significant barrier to parenthood.
"Global fertility isn't just declining, it's collapsing," according to writer James Pethokoukis, underlining the urgent need for more effective family policies as birth rates plummet.
The cost of raising a middle-class child in America is approximately $312,000, incentivizing few to start larger families despite proposals for child tax credits.
While tax credits for families proposed by political candidates aim to encourage parenthood, they remain insufficient against the backdrop of growing financial barriers to child-rearing.
#population-policy #childbearing-incentives #economic-factors #birth-rate-decline #government-subsidies
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