New CDC data reveals that American women had babies at the lowest rate in 35 years in 2019. About 3.75 million babies were born in the U.S. last year, 1 percent less than in 2018. The general fertility rate also fell 2 percent, to 58.2 births per 1,000 in women aged 15 to 44. That is the lowest rate since the government began tracking the statistic in 1909. So what’s going on? Well most Millennials are broke.

Millennials have been slower to start families because of economic insecurity. Add on top of that the economic fallout from the pandemic and those baby numbers will probably drop even lower this year. Or maybe not, since people may have been getting busy while in quarantine.