Thursday, March 18, 2010
Birth rates dropping in many countries
In many countries like Korea, Taiwan, China, Singapore and the United States, the fertility rates have dropped. China had the one child policy but many couples in big cities have implemented their own no-child policy. Governments in Taiwan, Korea and Singapore have been urging people to have more children. Singapore has passed legislation to rewards the Chinese to have kids. Many people point to the cost of having a baby for reasons not to have one. Nowadays, many couples have dual incomes and feel that they will decide to have a baby only when they earn enough to sustain their current living standards. The younger generation have grown accustomed to spending their money traveling to different countries, eating at fancy restaurants and buying fancy clothes. Unfortunately, the more one earns and/or saves, the higher living standards rise as well. In addition, some couples do not want to lose the freedoms of enjoying their life traveling and playing which may need to be sacrificed when raising children.
Parents in the past generation were able to raise two to three children while only on a single income. Has the cost of living increased so much that couples today are unable to raise the children? Granted things have become more expensive but its mostly because the parents have made things more expensive. Parents want to get the most expensive toys and newest things to raise their children. However, is it really necessary? Children before played with hula hoops and played tag in the park. Maybe babies are just that much expensive because the parents make it that way. Granted, it is probably extremely difficult not to want the best for your children.