Low U.S. birthrate could prolong housing crisis

Filed under: AM Roundup |

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.