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Start free trial →Freakonomics Radio · Ideas & Essays · November 2026
Dubner asked Kearney to persuade him that falling birth rates among women in their 20s aren't just a matter of timing. She says demographers expected a rebound after the Great Recession that never came.
…women in their 20s and 30s now compare to the earlier birth cohorts. And there, what we see is that there's been a decrease in the share of women who have initiated childbearing basically through the ages we can observe them. Now, it's complicated because they're not done with their childbearing.
…has fallen a lot, which everyone agrees is a good thing. But then when you get into the 20s and even 30s, most people agree it's a bad thing. Persuade me that the drop that we're seeing in, let's say, women in their 20s is not a timing issue and that more of them will have children, but later.
For a long time, sort of sanguine demographers were making this point about the decrease post-2007. Oh, this is just people responding to the recession and then it'll bounce back. And that never happened. We're talking about over 15 years of year-over-year decrease. Let's set aside the COVID pandemic where there was a, you know, a bust and then a rebound. The idea that this is still women just delaying childbearing gets harder and harder to buy with each year. Right now, it's like 50% of 30-year-old women have not initiated childbearing. They're childless. Let's be clear. I had three kids in my 30s. I realize that's possible. But we also know there's a biological constraint here. The idea that we're going to get down to 10% women childless by the time they're 44 would take an unprecedented, perhaps even impossible, increase in sort of post-age 30 fertility for that to happen.
You're saying in previous recent cohorts, only 10% of women age 44 in the U.S. did not have children. Is that right?
Between like 10 and 15%.
Got it. And you're saying that to go from 50% now childless at 30 to only 10% or even 15% at age 44 is a gamble that no gambler would like.