It's the economy, stupid. Most younger people can't afford homes. People's money doesn't go as far as it used to. Academic qualifications are worth less than they used to be. Many people currently working now won't see a pension. Many won't see a good paying job, even with good academic qualifications and work experience. General health and wellbeing is getting worse, with businesses abusing human psychology to shift…
No, it’s not the economy. All the people my age who have children are the less financially and intellectually equipped to be parents. Yet they are doing fine.
Are they? What's the current status of their retirement accounts? What are their plans for funding their kids' educations? Do they own their own homes?
There's a difference between being able to survive and living a good life. The reason the more financially literate and educated people put off having kids is because they care about their own futures and the futures of their kids. They know they can't work forever and they know that the current political environment is one of removing and undoing every single social safety net out there. Meaning, a mistake today very well could mean homelessness/eating cat food/etc or ultimately starving to death.
My father-in-law is 72 and still needs to work to pay the bills. He can't retire. That's the future for the less financially and intellectually equipped parents and their kids in the current political climate.