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It costs a lot to raise a kid -- about $235,000 from birth to age 17, according to the U.S. Department of Agriculture. So, it figures that in a down economy, couples are choosing to put off having babies.
Birth rates have fallen in the United States in recent years and the newest numbers from the Centers for Disease Control and Prevention (CDC) suggest that those numbers aren't going to improve anytime soon. There were just under 4 million births in 2012, according to the new report -- almost the same number as in 2011 -- and much lower than the 2007 high of 4.3 million babies.
“When times are up, births go up,” said D’Vera Cohn, a senior writer at Pew Research Center told TODAY. “When times are bad, births go down.” Cohn added that the prolonged recession means that it's not clear when folks will toss the birth control pack and start having kids again.
Lesley Kennedy writes for ShopAtHome.com's Online Shopping Report. Find her on Twitter @denveralamode and Google +.