“average cost” can vary in meaning on this topic. I read it as “fewer people are buying goods necessary for children, leading to raised prices and a higher average cost of raising children”. Considering studies done on the cost of raising children, this is how I interpreted the quote. But your interpretation is also technically correct, and I won’t fault you for reading something differently than I did.
That’s the incorrect way to read this. Rather, people are spending more on their children, and people without children are seeing average cost of raising children.
Effectively, the standard of living for children is going up and people who feel they cannot hit that standard of living are (in Japan’s case especially) opting not to have them.
I assure you that poor people are still having children that survive.
Having fewer children means you spend more on the fewer children, driving up average cost of raising children
We have one President indicted 91 times so on average Presidents are indicted twice because we’ve had 46 of them.
This is just how math works, and has nothing to do with any economic system
“average cost” can vary in meaning on this topic. I read it as “fewer people are buying goods necessary for children, leading to raised prices and a higher average cost of raising children”. Considering studies done on the cost of raising children, this is how I interpreted the quote. But your interpretation is also technically correct, and I won’t fault you for reading something differently than I did.
That’s the incorrect way to read this. Rather, people are spending more on their children, and people without children are seeing average cost of raising children.
Effectively, the standard of living for children is going up and people who feel they cannot hit that standard of living are (in Japan’s case especially) opting not to have them.
I assure you that poor people are still having children that survive.