The Nightly Business Report aired two segments on unemployment earlier this week. In the second segment, reporter Susan Pratt interviews an economist who talks about Generation X college-educated women and the luxury of having children. See an excerpt of the transcript below on childless women.
PRATT: Beyond the money, joblessness can have profound effects on health, families and marriages. The Center for Work Life Policy in New York City is examining college-educated members of generation X. It includes people ages 32 to 45. Economist Sylvia Ann Hewlet says this group feels stalled in their careers because so many baby boomers are still in the workforce, thanks to the recession. She says the somewhat surprising result is that 43 percent of generation X college-educated women do not have children.
SYLVIA ANN HEWLET: Many of them are getting married. You know, marriage rates are at the 60 or 70 percent level. So, there’s a whole lot of couples out there who are really deciding that they can’t have it all. They can deal with a job and perhaps they can make a partnership work, but having kids is perhaps a real luxury.
Also, in case you missed it, Pew released findings from yet another study that points to changes among generations. This one is about the decline of marriage.
Do you think having kids is a luxury?