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The world faces a decline in fertility rates

The world faces a decline in fertility rates

Namrata Nangia and her husband have often thought about the possibility of having another child, but they always come back to the same question: "Can we afford it financially?"

Living in Mumbai, India, and working in the pharmaceutical industry, Namrata says the cost of raising a child is also extraordinary, reports the BBC.

From school fees to swimming lessons and medical consultations, the expenses are mounting. In comparison, when she was little, she didn't need many extracurricular activities.

A recent report by the United Nations Population Fund (UNFPA) shows that this concern is increasingly global. According to a study in 14 countries, one in five people say they cannot have the number of children they want because of high costs and other factors.

Countries like South Korea, Italy, Germany, India, and many others are experiencing a decline in fertility, a phenomenon that has to do with these financial constraints.

Dr. Natalia Kanem, director of UNFPA, says this is a real crisis, as most people want to have more children, but cannot do so due to economic conditions.

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