The Triple Lockout: Why Today's Generation Can't Afford Housing, a Good Job, or Raising Children

Rising productivity from generation to generation gives new entrants to the workforce more options, including in particular more choice over when and whether to marry and have children. In each generation, an increasing percentage of young women decide they are better off pursuing their ambitions rather than committing themselves to a marriage. Married family sizes remain fairly consistent, but in each generation fewer numbers of people commit to having children at all.

In the 19^th century o...