I think you can simplify that: Standards rise as living standards rise. People want more both for themselves and their children when they see that as realistic, and opting for fewer children is a way to make that happen.
Yes, I think that covers everything in a concise way.
If we want to go back to a sustainable birth rate, we need a wide range of actions. Some may require to reduce the financial risks, while others require encouraging cultural changes.
If we want to go back to a sustainable birth rate, we need a wide range of actions. Some may require to reduce the financial risks, while others require encouraging cultural changes.