Earlier quoted context omitted.
I think the "cost of living" explanation for low birthrates is just wrong, and not even plausible (anecdote: my grandmother had 17 siblings, and they could not even afford proper sunday shoes for all of them, much less current living standards). I think the biggest impact is from kids being obsolete/net negative as both workforce (when young) and retirement scheme (when the parents are old). But there is no reverting…
I can't agree with you enough. I am so sick and tired of the cost of living argument. Back in the 1800s people were living in tiny cramped places and having 5-6 kids while barely able to afford necessities.
FWIW I have one child and financial strain is a big reason I don’t have more.