Despite government incentives across the world, birthrates continue to fall at a rapid rate. In fact, the Wall Street Journal just reported earlier this year that the US had its lowest birth rate since the government start recording births in the 1930s. There are many factors that have been affecting the downward trend, including access to conception and more women delaying childbirth until after their careers are established. But even the government incentives are having no effect – especially in Europe.
Many reported that the incentives, such low-cost loans, subsidized minivan options and a lifetime exemption from income taxes. Yet, the birthrates are not rising in response, except in Hungary and Norway, where they spend more of their GDP on promoting families than their militaries, including expansive housing benefits.
For more about the worldwide birth rate, check out the article here at the Wall Street Journal.
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