Women gave birth to fewer children during the Covid-19 pandemic.

If these low U.S. birth rates continue, it could have a lasting economic impact, including retirement and Social Security benefits.

The total fertility rate has been declining for years. In 1964, women of childbearing age had an average of 3.2 children. By 1974, that number fell to 1.8, according to theĀ Center for Retirement Research at Boston College.

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