American birth rates are falling even as financial markets remain near record highs, according to a recent post shared by The Kobeissi Letter.
The market commentary account cited Kobeissi data comparing U.S. demographic health against rising financial wealth. It said the U.S. birthrate has dropped roughly 30% since before the 2008 Financial Crisis, while financial wealth has continued climbing. The post argued that "only asset owners can afford this economy," pointing to what it described as the largest divergence in history between the S&P 500 and the U.S. birth rate.
The Kobeissi Letter said economic stimulus measures following recessions in 2008 and 2020 accelerated wealth concentration while increasing financial pressure on younger Americans. The post described the trend as another sign of a "K-shaped economy," where wealthier households continue benefiting from rising asset prices while others struggle with affordability.
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Wealth Gap
