Cost Of Living Crisis Causing Baby Delay

Jun 3, 2024

A study conducted in 2024 found that 22% of people aged 18 through 34 have delayed having children due to the cost of living crisis.

Out of 4,000 participants, almost a quarter stated their main reason for not starting a family is the cost of living in the modern world, according to the Mirror. These individuals reported that they adjusted their original plans to have children, with 8% of saying the main reason is because they are financially “strapped.”

The ongoing decline in global economic standing has also left many families with young children without any spare cash for unexpected expenses. “We’ve been tracking how people have been responding to the financial challenges of the rising cost of living for more than two years and it’s clear we’re now starting to see that people are making changes to their longer-term life plans,” Royal London consumer finance expert Sarah Pennells said. (LEARN MORE: POLL: Senior’s Top Health Concern Is The Economy)

“When prices for food and energy were increasing, we saw people cut back and make changes to their spending and shopping habits, but now we’re seeing that some major life decisions are being delayed as people are weighing up whether or not they can afford to act on the plans they’d made.”

What About The US?

Like many other developed countries, the U.S. is facing an almost identical crisis. Americans apparently entered 2024 with more debt and less in their checking and savings accounts than possibly ever before, according to Market Watch.

Inflation and the economy are top concerns for voters heading into the 2024 elections. A poll conducted in March 2024 found that 55% of registered voters believe President Joe Biden’s economic policies will make consumer prices continue to increase as millions of families struggle under his inaction today. (LEARN MORE: Voters Are Unimpressed By Biden’s Economic ‘Achievements’)

Some 44% of respondents to the same poll said former President Donald Trump’s policies will likely make consumer prices fall, while 22% think he’ll make no difference. A total of 34% think he’ll make things worse.

Be Part Of The Solution Today

Our nation is at a crossroads, dealing with pivotal issues that directly impact your daily lives – from ensuring fair and secure elections to fighting against inflation and advocating for secure borders. The strength of our community, the rights of our parents, and the protection of girls’ sports are not just political issues; they are the fabric of our society. It’s time to take a stand against crime, reform our institutions, and ensure the prosperity and security of our nation.

Did you know that you, your family, and friends can send letters directly to your elected officials today? We can tell your leaders what you want from their time in office, and what you expect from our federal government. Letter-writing campaigns, or even just a single letter, can be enough to sway policy and create positive change.

Sign up for www.millionvoices.org today (text MV to 80550) and share this article with your friends and family so they can stay informed and become citizen lobbyists in the pursuit of faith and freedom across our great nation.

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