Decisions to delay or forego having children because of the erratic economy could have an impact on the housing crisis, said Bloomberg.
A low U.S. birthrate means fewer people buying homes, and more of the foreclosed properties could remain in bank’s hands for decades.
Consumer spending on children’s products – from diapers to soap will also drop. Currently parents spend more than $220,000 to feed and clothe a child from birth to 17.
Read more at Bloomberg.