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Why U.S. policies like baby bonds and child tax credits can’t convince Americans to have kids

May 30, 2025
Why U.S. policies like baby bonds and child tax credits can’t convince Americans to have kids

America’s fertility rate is hovering around historic lows, with approximately 1.6 births per woman over her lifetime. This is below the level needed to sustain the population, which is 2.1 births per woman.

“Our population will, in the not too distant future, start to decline,” said Melissa Kearney, a professor of economics at the University of Maryland. “That’s why this is an issue for governments and for the economy, and politicians are starting to pay attention.”

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