4 ms·

I don’t think 3% inflation is affecting anybody’s willingness to have children. Do you have a source for that?

• x220 8y ago
  3% isn't much, but over, say, 20 years of constant 3% inflation, that's 80% inflation total. Now this is just a quick math example and it's not the real situation, but it goes to demonstrate that over time inflation has a large effect. You could argue that over time this huge effect of inflation along with the stagnation of wages makes it so that people can't support previous standards of living, including supporting children. That's just my two cents--I haven't taken a single class on macroeconomics.
  • pmiller2 8y ago
    Real wages (inflation adjusted) have been stagnant. Nominal wages have gone up at roughly the rate of inflation for the most part since the mid 1970s.
    • x220 8y ago
      Thanks for correcting me.