A study from MassMutual found that 23% of the child-bearing cohort without children don’t have any plans to change their state of affairs. Of these, 43% cited financial reasons. The study didn’t distinguish between those who don’t want children because they can’t afford them and those who want more “financial freedom.”
“With today’s financial stressors, it is understandable why there is a growing trend among young adults to prioritize financial security over parenthood,” Paul LaPiana, CFP, head of brand, product, and affiliated distribution with MassMutual, said. “This shift reflects a broader understanding of the importance of financial stability and independence in achieving long-term goals that every generation must reckon with.”
Thirty-one percent of people said the social and political world their children would inherit was another prominent reason.
