Word Of The Day

Procyclical:

Procyclic describes a state where behavior and actions of a measurable product or service move in tandem with the cyclical condition of the economy. [Investopedia]

Noted in “‘Covid baby bust’ could lead to half a million fewer births next year,” Christopher Ingraham, WaPo:

The reason? Children are expensive, and having a child is in many ways a financial decision. The loss of a job or otherwise uncertain prospects for a steady income lead many would-be parents to postpone having kids until things are more settled. In economic jargon, birthrates are “procyclical” — they tend to rise during times of economic growth and fall during recessions.

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About Hue White

Former BBS operator; software engineer; cat lackey.

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