The U.S. birth rate dipped in 2011 to the lowest ever recorded, led by a plunge in births to immigrant women since the onset of the Great Recession. The overall U.S. birth rate, which is the annual number of births per 1,000 women in the prime childbearing ages of 15 to 44, declined 8% from 2007 to 2010. The birth rate for U.S.-born women decreased 6% during these years, but the birth rate for foreign-born women plunged 14%—more than it had declined over the entire 1990-2007 period. The birth rate for Mexican immigrant women fell even more, by 23%.There's much more at the link along with lots of charts.
Final 2011 data are not available, but according to preliminary data from the National Center for Health Statistics, the overall birth rate in 2011 was 63.2 per 1,000 women of childbearing age. That rate is the lowest since at least 1920, the earliest year for which there are reliable numbers. The overall U.S. birth rate peaked most recently in the Baby Boom years, reaching 122.7 in 1957, nearly double today’s rate. The birth rate sagged through the mid-1970s but stabilized at 65-70 births per 1,000 women for most years after that before falling again after 2007, the beginning of the Great Recession.
The population replacement rate is about 2.1 children per couple. We fell below that for the first time in the U.S. in 2008. If birth rates are continuing to decline that'll have serious consequences for the future of the country. Fewer people means fewer consumers and fewer taxpayers which means a poorer nation. It also means that entitlement programs for the poor are going to be hard pressed to find the wherewithal to sustain them. It also means that there'll be less revenue coming in to the Treasury to support programs like Social Security and Medicare.
There's much talk in the news about the impending "fiscal cliff," but there's a population cliff looming off in the middle distance, which, if it remains unaddressed, will guarantee that people in their twenties today will be much worse off financially when they hit their forties than were their parents and grandparents.