People aren’t just bringing home less money since the financial crisis of 2008 – They’re bringing home fewer babies, according to a new study on birthrates.

The Max Planck Institute for Demographic Research says that across Europe, birth rates dropped as unemployment rose.  And the phenomenon really hits workers 25 and under, and those living in the troubled Southern European countries like Spain. 

Rising birthrates in some countries came to a halt, while in others the birth rates reversed.

“The financial crisis hit Europe at a time when birth rates in many countries had just began rising again,” said Institute demographer Michaela Kreyenfeld.

Hungary, Ireland, Croatia, Latvia, Czech Republic, Poland, and the United Kingdom all saw the phenomenon.

But two countries didn’t see much of a change in birth rates at all:  Germany and Switzerland, which weathered the 2008 financial crisis pretty well.