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The birth rate halves in richer countries as costs become more prevalent, the OECD report said

Birth rates have fallen sharply in some of the world’s richest states and are likely to remain low as economic worries force people to weigh the costs of having children, according to an OECD report.

Many OECD member states are now choosing to have children later in life or not have children at all, according to a newspaper published on Thursday. โ€œBoth young men and women are increasingly finding meaning in life beyond parenthood,โ€ it added.

The total fertility rate fell from an average of 3.3 in 1960 in OECD countries to 1.5 children per woman in 2022, the report said, using a unit that measures the average number of children born per woman over her lifetime. is born.

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