Is voluntary childlessness rising? If yes, then what are the major drivers? What could be its impact?

The fast paced life and easy availability of effective contraception have increased the number of couples opting for childfree life. There are numerous reasons why being childfree is trending. The decision to have a child comes with responsibilities and many couples do not want to embrace it. Some couples avoid the idea of having children based on past experience in the family or simply because not having a child opens new avenues to explore and spend time doing other meaningful things in life. Unwillingness to bear the financial burden of raising a child is another reason why some couples avoid the idea.

Nevertheless, the trend represents the rise in deterioration of interpersonal relationships. It prevents overpopulation and indirectly impacts events like recession, inflation, global warming etc. and in a consumer centric world the resonance of this trend cannot be ignored in the global economy.