Millennials Push Back Against Larger Families Amidst Rising Costs and Changing Values
The growing reluctance among millennials to have more than two children has emerged as a defining demographic trend, with new research highlighting the complex social and economic factors influencing modern family size decisions. This movement, closely linked to rising living costs and shifting values, carries important implications for Thailand as its own birthrate stagnates and younger generations reconsider their priorities.
A recent report by Business Insider details how economic uncertainty—notably high childcare costs, student debt, and the shaky job market—has led many millennials in developed countries to cap their families at two children or forego parenthood entirely. Drawing from interviews with parents and leading sociologists, the article illustrates how families struggle to afford additional children, especially in expensive urban centers. According to a cited Pew Research Center study, millennial women average about 2.02 children, aligning with earlier generations numerically but diverging in terms of economic stability and timing. Experts argue that for many in this cohort, achieving even a two-child household often feels like a luxury rather than a default lifestyle (businessinsider.com).