Fertility rates – The daily blog of behavioral and cognitive economics

The Surprising Changes in Family Size Among the Top 1%

Five years ago, we looked at “Car Seats As Contraception.” Saying that families had no room in the back of the car for a third child, scholars explained the decline in the U.S. birth rate. But now there is more. U.S. Birth Rates. We have always said that the 1970s were a turning point for women. With the spread of the pill, women could plan when to have children. As a result, we went to college and graduate school. As wives, we increasingly had careers. More affluent moms had smaller families. Recently though, according to the Federal Reserve’s Survey of Consumer Finances, almost half of U.S. families in the top 1% had three or more Children ….[READ]