2023 Australia's birth rate drops to lowest since 2006 due to cost-of-living pressures and economic uncertainty.
Australia's birth rate has dropped to its lowest since 2006, with 289,100 babies born in 2023 - a 4.6% year-on-year decline and 26,000 fewer births than the previous year. This "baby recession" is attributed to rising cost-of-living pressures and economic uncertainty, with many families delaying having children or choosing not to have more. Fertility rates were lowest in CBD and surrounding areas.
July 23, 2024
54 Articles