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Lessons from the Loan Pause: More Evidence that Student Debt is Reducing Marriage and Childbearing

Our research has examined how student loans have affected American borrowers, and how their behavior changed during and after the loan pause. Further evidence suggests that student loan debt is leading to delays in family formation for many young adults, contributing to the record low childbearing rates and the record high typical age at first marriage seen in the United States today.

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Increases in Community Income Improve Birth Outcomes

Birth outcomes are strongly linked to income but proving a direct cause-and-effect relationship has been challenging. Our new study, published in Demography, uses the economic boom from Pennsylvania’s Marcellus Shale natural gas development as a “natural experiment” to examine how community-level income gains affect pregnancy behaviors and birth outcomes.

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Last Updated: 12/15/25