Thank you for sharing!

Your article was successfully shared with the contacts you provided.

The Great Recession of 2007 had a number of significant effects on Generation Y, but one of the least talked about was its effect on birth rates. Whether due to stress, financial issues or simply because it’s tough to find a spouse when you live with your parents, 20- and 30-somethings just aren’t making babies like they used to. In fact, according to a report released last month by the Centers for Disease Control, Millenials are currently bringing about historically low birth rates. 

In contrast, pet ownership is currently at an all-time high, so it seems Generation Y has chosen a lower cost option compared to parenthood. However, this shouldn’t give us any financial security when planning for retirement. While dogs and cats may provide us companionship, one thing they won’t do is contribute to Social Security.  And with birth rates as low as they are, there is a long-term threat to the solvency of the entire system.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

Dig Deeper


Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.