American Financial Benefits Center: Millennials Are Unrealistically Optimistic About When They Can Have Children

Pregnant Woman Holding Belly

Are millennials unrealistically optimistic about when people can have their first child? A recent Australian study found that most students underestimated the age at which female and male fertility rates decline. Only 10 percent of students studied did not want to ever have children and of those that did, most only wanted them after certain life goals had been achieved. Given both financial constraints and limitations of the human body, the authors of the study questioned the viability of millennials’ plans for their future. American Financial Benefits Center (AFBC), a document preparation company that helps student loan borrowers apply for federal income-driven repayment plans (IDRs), reminds borrowers that possibly lowering monthly payments might help them reach long-term life goals, such as buying a house or having children.

“Millennials continue the trend of having children later in life,” said Sara Molina, manager at AFBC. “Our customers know that major life obstacles such as student loans can delay or halt personal goals and that federal programs such as income-driven repayment plans can ease the financial burden and get you back on track.”

According to the study, female fertility begins to decline between the ages of 30 and 34, with a speed-up between the ages of 35 and 39, and then a marked decline starting at age 40. In fact, even assisted reproductive rates become less viable after the age of 40, with only five percent of women who undergo one cycle of in vitro fertilization achieving a successful pregnancy. For men, there is a decline in fertility beginning at age 40, and a much steeper decline after age 45.

Some 75 percent of the students in the study both planned on having a child after the age of 35 and underestimated the impact of female age on fertility. Nearly 95 percent underestimated the impact of male age on fertility. There are many factors cited as causes for the increased age at which individuals want to have children. Student loan debt and the high cost of housing are delaying student loan borrowers from starting families. Though 52 percent of millennials want to be “good parents,” being saddled with student loan debt makes having children more problematic. AFBC understands and aims to ease the burden of student loan debt by assisting its clients with IDRs, which might lower payments based on income and family size. 

“We are very sensitive to the life goals of all of our clients,” said Molina. “Our goal is to allow our clients to live the life they dreamed of, rather than a life of suffering under the heavy burden of student loan debt.”

About American Financial Benefits Center

American Financial Benefits Center is a document preparation company that helps clients apply for federal student loan repayment plans that fit their personal financial and student loan situation. Through its strict customer service guidelines, the company strives for the highest levels of honesty and integrity.

Each AFBC telephone representative has received the Certified Student Loan Professional certification through the International Association of Professional Debt Arbitrators (IAPDA).

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To learn more about American Financial Benefits Center, please contact:

American Financial Benefits Center
1900 Powell Street #600
​Emeryville, CA 94608

Source: American Financial Benefits Center

Categories: Financing and Student Loans, Financial News

Tags: family finances, family planning, federal student loans, income-driven repayment

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American Financial Benefits Center works to align each client with the different U.S Department of Education programs available to them based on their income and occupational situation.

American Financial Benefits Center
1900 Powell Street (600)
Emeryville, CA 94608
United States