I think hyperinflation makes the system unpredictable and having a child inadvertently requires long-term planning, which becomes fuzzy in such an environment.
Having a child is such a large, substantial commitment which would probably be best made in a really predictable environment.
It is true that in the past, unpredictable environments didn't completely stop people from having children, but there are just so many factors (social media, contraception, job-related stress, social acceptance of not having children) and many more which create the combined net effect.
I wouldn't say that inflation plays the absolute key component, but certainly it's a discussion worth having.
Also, even if some objective measures of living standards are improving, we are constantly bombarded with information about wars, economic crises, political instability, climate change, etc., and it takes a toll psychologically, which perhaps comes into consideration when discussing having a child.
Constantly seeing evidence of this uncertainty could affect the perception of how predictable the future is, which might matter when making a 20+ year commitment like having children.
Having a child is such a large, substantial commitment which would probably be best made in a really predictable environment.
It is true that in the past, unpredictable environments didn't completely stop people from having children, but there are just so many factors (social media, contraception, job-related stress, social acceptance of not having children) and many more which create the combined net effect.
I wouldn't say that inflation plays the absolute key component, but certainly it's a discussion worth having.
Also, even if some objective measures of living standards are improving, we are constantly bombarded with information about wars, economic crises, political instability, climate change, etc., and it takes a toll psychologically, which perhaps comes into consideration when discussing having a child.
Constantly seeing evidence of this uncertainty could affect the perception of how predictable the future is, which might matter when making a 20+ year commitment like having children.