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 situati

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.