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Student Debt and the Cratering Birth Rate

Gloria Goodale at the Christian Science Monitor asked a 28 year old married woman what was holding her back on starting a family? Why it’s $164,000 in debt! She can’t afford to have kids because she can’t afford to feed them. And forget about ever paying for her kids’ college education.

The falling birth rate is a big worry for many societies and this looks like it’s going to hit the US hard. While Europe still funds many degrees, the US piles the weight on the back of their smartest. Then the really smart ones go to grad school and get even more debt. Whoo hoo! The smartest, most capable people can’t afford to raise a family.

That seems like a route to societal collapse to me.

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This entry was written by admin and posted on February 6, 2013 at 9:28 pm and filed under Uncategorized. Bookmark the permalink. Follow any comments here with the RSS feed for this post. Both comments and trackbacks are currently closed.

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4 Comments so far (Add 1 more)

  1. The good news is that of this year’s LSAT takers the group that has most sharply declined in completing applications is the very high scorers. In other words the smartest are getting out.

    1. Walter Sobchak on February 6th, 2013 at 11:12 pm

  2. Debt may be slavery, but demographic worries are absurd. They consulted every crisis merchant in the book for that article. If anything, fewer heads means a richer society.

    That’s not considering Arthur Brooks’ happiness index, who seems think kids count for something. (I jest.)

    2. BB on February 7th, 2013 at 2:30 am

  3. BB, actually not. A recent WSJ Section head (huge baby bottle graph of declining rates) on the topic sounded an alarm for economies such as ours that require expanding populations — *require* — to be sustainable.

    3. Higby on February 7th, 2013 at 3:14 pm

  4. Heh. I get it…. The WSJ said that, eh? :-)

    4. BB on February 7th, 2013 at 4:13 pm