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The Pandemic Baby Bust Could Slow Down the Economy, or Change It


Alexi Rosenfeld/Getty Images
The drop in births intensifies a pre-pandemic trend of decreasing birth rates and fertility rates.
It could slow down the economy in the long term, but it could also result in a delayed baby boom.
The predicted baby boom is looking more like a baby bust. 
While many thought a year locked up would lead to some serious babymaking, Brookings Institute economists Melissa Kearney and Phillip Levine forecasted the opposite last June: The pandemic would lead to 300,000 to 500,000 fewer births in 2021, they said.
So far, their predictions are on track.
Nine months after the first lockdowns began in the US, the number of births in the country had declined by 7%, according to data provided to CBS News by health departments across more than 24 states. And fertility rates the number of live births a woman is expected to have over her lifetime are already lower in the first few months of 2021, said Christin ....

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