SBS Newsflash 24 July 2024: Birth rate in Australia dwindles, rising cost of living held responsible

A new report suggests Australia is in the grip of a so-called "baby recession", which some attribute to rising cost-of-living pressures and economic uncertainty. A report from K-P-M-G shows the number of births across the country last year dropped to just over 289,000 - the lowest recorded since 2006. Source: Getty / Getty Images
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