Australia’s fertility rate hits record low amid economic pressures
10 News First · Just In
10 News First
Just In
Australia’s baby recession has deepened, with new data revealing the nation’s fertility rate has hit a record low. Experts say housing affordability and cost-of-living pressures have contributed to the downturn.
Breakdown
- Australia's fertility rate is at a record low, with families delaying children due to housing and economic pressures.
- Less than 1% of rentals are affordable for essential workers, increasing rental stress. 24s
- Essential workers are taking on second jobs to cope with living costs. 43s
- Unemployment has risen to 4.5%, the highest since November 2021. 59s
- Rising job losses have increased the likelihood of an interest rate cut. 1m 26s