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The people I know with kids started families in their 30s when they had 2 partners with PMC jobs and lived near grandparents or other extended family. The boomers were able to have kids in their 20s and buy a house with one full time income. Shit is totally unsustainable.
It was also way more common for relatives/neighbours to watch & take care of the kids if the parents were busy. It does take a village to raise a child and now the village got bulldozed for 8-lanes of traffic and black and white condoslop.
Yeah the dissolution of community is a big part. I remember when Sister Hillary had a book titled "It Takes a Village" and people were roasting her, but the people lambasting her grew up with that extended support! They might even talk about how it used to be that way!, and then not make the connection that losing that informal extended support is a factor in people having fewer kids or having kids later.
Something else that I think disrupts this is the expectation that people will have to move away from their home towns and families to become established economically. And even have to pick up stakes and make significant moves every few years to maintain their standard of living through moving for jobs. Capitalism has uprooted people and now the upshot is that people aren't reproducing the workers, this is not complicated to savvy.