Tag: kids

Close up of mom and baby

U.S. fertility is already at record lows, and women in their 30s have had only 1.3 children on average – well short of their expectations for more than two children. But they still have time left on their biological clock. So, will they catch up? Several factors are working specifically against the college graduates in…

Senior man calculating finances

Abstract Much of the disagreement over whether households are adequately prepared for retirement reflects differences in assumptions regarding the extent to which consumption declines when the kids leave home.  If consumption declines substantially when the kids leave home, as some life-cycle models of retirement saving assume, households need to achieve lower replacement rates in retirement…