Sunday, May 12, 2013

SSA Stats: Baby Bust Continues

For the past few decades, the IRS has required parents to provide Social Security numbers for dependent children on their tax returns. Since then, all newborns in the United States receive Social Security numbers, and applications for numbers by year of birth closely track actual births. While the Social Security Administration's numbers are not exactly the same as the complete count of births provided by the National Center for Health Statistics, they are available sooner and are an excellent indicator of trends in births.

The latest statistics show that the baby bust continues. In 2012, the Social Security Administration provided 3,931,200 numbers for newborns. This was 19,502 fewer than in 2011 and 393,000 below the peak year of 2007. Although the baby bust is ongoing, the decline is slowing. The biggest year-over-year drop (-133,499) occurred between 2009 and 2010.

Source: Social Security Administration, Social Security Number Holders

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