In this photo illustration a man looks at the post by Taylor Swift endorsing Democratic Presidential candidate Kamala Harris on the online social media and social networking site Instagram displayed on a smart phone on September 12, 2024 in Bath, England.
Matt Cardy | Getty Images News | Getty Images
The stigma of the “childless cat lady” persists, but these days, more young adults are embracing that label and opting out of parenthood — and benefitting, at least monetarily.
Nearly a quarter, or 23%, of millennials and Generation Zers without children do not plan on having children, primarily due to financial reasons, according to a recent consumer spending and saving index by MassMutual.
A preference for financial freedom and the inability to afford children are equally cited by 43% of younger generations, MassMutual found. The survey polled 1,000 adults in July.
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