Leading consumer analytics company Eighty20 has shared insights on how South African households are changing as birth rates decline.
The material also explores the expense of raising children, the dynamics of marriage, the size of households, and the demographic make-up of the country.
It revealed that postponed family formation and child-bearing, as well as a drop in desired family sizes, have all contributed to the substantial decline in birth rates over the past few decades.
“The changing structure of South African households is affected by all these factors and, over time.
“These changes will have profound implications for not only dependency ratios, the labour market, the healthcare system, and overall GDP, but also the future of our country,” says Eighty20.
Over the past few decades, the cost of having children…