By John Ikani
Australia’s birth rate has reached a concerning low, sparking warnings from experts about the country’s economic future.
New data from the Australian Bureau of Statistics shows that 286,998 births were recorded in 2023, bringing the fertility rate to just 1.50 children per woman.
This marks a significant drop from 1993’s rate of 1.86, and is well below the 2.1 replacement rate needed to maintain population levels.
Demographer Liz Allen from the Australian National University described the situation as dire, telling ABC News that the birth rate is at a critical low.
“We’ve hit rock bottom,” she said, stressing that many young Australians now view the country as an unwelcoming environment for starting families. She added that most individuals are unlikely to even reach their modest family goals, often aiming for just one or two children.
According to Dr. Allen, the significance of the 1.50 rate is particularly alarming. She explained that reaching this figure sets off a chain of negative consequences, where fewer births lead to slower economic growth, and ultimately even fewer babies being born.
“Once we hit ultra-low fertility, as seen in places like South Korea, there’s generally no return,” she cautioned.
South Korea’s birth rate, which has fallen to just 0.72 births per woman, is currently the lowest in the world.
Researchers attribute this to a growing trend where women feel forced to choose between pursuing a career and starting a family. Dr. Allen noted that Australia may be heading down a similar path if action is not taken.
Beyond economic concerns, Allen highlighted deeper social challenges, including pessimism about housing affordability, climate change, and gender equality. These issues, she said, have created an attitude among younger Australians that is not conducive to family-building.
Terry Rawnsley, an economist at KPMG, echoed these concerns, calling the drop to 1.50 a “staggering number.” He pointed out that countries like Italy, Japan, and South Korea, which have experienced similar declines, face aging populations and shrinking workforces.
“The fewer workers you have, the less economic activity is generated, leading to a downward spiral,” Rawnsley explained.
He also stressed the importance of taking action now to reverse the trend, warning that continuing down this path would result in a demographic crisis. “We need serious discussions about how to stop this decline before it’s too late,” he urged.
The latest news of Australia’s plunging birth rate has reignited a public debate, with former Adelaide Crows player Stephen Rowe criticizing younger generations for not prioritizing family life.
In a recent radio interview, Rowe called them “selfish” for focusing on material possessions and social media rather than settling down and having children.
Rowe’s co-host countered by saying the issue is not selfishness but rather the soaring costs of housing and living, making it difficult for many to start a family.
She argued that it’s impossible for most young Australians to afford a home on a single income. Rowe, however, dismissed this view, saying, “Live within your means. Fall in love, have a child, and everything else will fall into place.”
These contrasting views underline the broader societal challenges Australia faces, as its declining birth rate raises pressing questions about economic stability and the choices confronting younger generations.