Analysis using Federal Reserve data shows large families are more common among the richest 1% in the US
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An analysis published in the US based on Federal Reserve data indicates that fertility has stopped being inverse to income: 49% of households with children in the richest 1% (incomes above 1.4 million dollars a year) have three or more children, more than ten points above the bottom 10%. The author, Mike Konczal, attributes the gap to the cost of raising children. In Spain, the INE Fertility Survey shows that children per man rose only among high earners.
In 40 seconds
- 49% of households with children in the richest 1% of the US have three or more children, according to the analysis using Federal Reserve data.
- The gap with the bottom 10% exceeds ten percentage points and stands at about eight points versus the 90th-99th percentiles.
- The difference is not significant for a second child but widens sharply for a third.
Read the full story at El Confidencial
IASummary generated by artificial intelligence from a story by El Confidencial. It may contain errors: the original source prevails.
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