The article discusses the declining birth rates in the U.S. and other developed countries, highlighting how many women feel that having children adversely affects their careers. With the average cost of raising a child surpassing $300,000, financial concerns overshadow family planning decisions. Despite government efforts to incentivize childbirth through cash bonuses and tax breaks, these measures fail to address the daily realities of parenting. The increasing disconnect between societal expectations and personal choices raises alarm as economists worry about future economic and social stability.
Most efforts to boost birth rates in developed countries have failed because they don't address the day-to-day challenges that come with parenthood, leaving many families feeling overwhelmed.
Despite attempts to incentivize having more children through financial bonuses or tax breaks, an uptick in births remains unlikely as raising a family is increasingly seen as impractical.
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