In America, the rate of teen childbearing is unusually high. U.S. teens are two and a half times more likely to give birth as a teen compared to teenagers in Canada, and around 10 times more likely than countries such as Switzerland. Why is this? Teen births demonstrates variation in income inequality across the United States and developed countries. This can explain a sizable share of the geographic variation in teen childbearing.
34% of young teen mothers earn usually earn neither a college degree or a high school diploma. And less than 2% of teen mothers earn a degree by the time they turn 30. Why does this affect the economy? Because teenage pregnancy significantly correlates with less education, which leads to a loss of earnings. This effects the economy negatively as a whole.
The country's lost earnings from an increased number of highschool and college drop outs add up. it was estimated in 2012, that it can add up to billions of dollars of losses, mainly due to increased public health care costs.
Although the U.S. nationwide teen pregnancy rate is dropping, the rate of teenage motherhood remain highest in states that promote abstinence- only policies. This provides insufficient and misleading information about their reproductive health has which negatively impacts the
economy and the nation as a whole.
This is a very interesting connection. Similar to the way that teen birthrates impact the economy, the choice not to have kids also changes the course of the economy. In fact, most of the reason why people in America have stopped having kids is because of their fear of financial instability if they stop working. This extra time for work prevents companies and individuals from losing money and productivity which ultimately boosts the economy.
ReplyDeletehttps://www.nytimes.com/2018/07/05/upshot/americans-are-having-fewer-babies-they-told-us-why.html