It's important to emphasize that many Millennials are making educated, deeply considered decisions about not having kids informed by factors like the high cost of living, student loan balances, thinking about their own childhoods, climate change, and the frequent number of mass shootings at schools
Absolutely. Never have I ever had so many conversations with my spouse about our future together than we did about having children. It was the middle of COVID lockdown, and we had to make the decision (both in our mid to late 30s at the time). We knew we couldn't/wouldn't/shouldn't do it.
Or even the timing of kids - if you wait until you feel even sort of comfortable financially to do so, you might not have kids or have fewer kids than you’d like. We’re pretty well off but the extra money for dependents during Covid made things WAY less tight.
Many Millennials also adopted pets in the last few years. In my case, adopting a dog and then caring for them on my own really drove home that I could not handle the responsibility of an actual human child anytime soon.
I agree with you on the economic reasons, but school shootings is really an American worry, but birth rates have declined across all developed countries.