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On the contrary, human civilization has never faced anything close to climate change in terms of scale or difficulty to solve.
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History tells us otherwise.
In 1918 when Germany was starving under a British blockade of the country, the birthrate was 2.26 according to Wikipedia.
In 1943 under German occupation and Vichy collaboration, France managed a birth rate of 2.18 according to Wikipedia.
In 1960, during the ghastly Great Leap Forward in China, the birth rate was about 5.75 according to the World Bank.
In 1978 when Vietnamese were fleeing the country by the hundreds of thousands to escape communist oppression and extreme poverty, the birthrate was 5.4 babies per women according to the World Bank.
Yemen is in the midst of a nasty civil war and water and food shortage yet in 2016 somehow manages a birthrate of 4 babies per women according to the World Bank.
The United States birthrate was 1.8 in 2016 according to the World. It has continued to fall despite a booming economy, record low unemployment, and a booming stock market. Unless you're saying that American millennials feel more fearful and pessimistic than Germans during World War I, French under German domination, Chinese under Mao, Vietnamese fleeing on boats, or Yemenis at war, this claim about Millennials having it so much worse than anyone else in history is nonsense.
The real reason is a cultural shift away from family to careerism and greater personal consumption. Society needs a balance between family and career in order to have development now and a growing or steady population that will power society in the future. The see-saw has tilted too far to the "development now!" side and too far away from the "future development!" side. Avoiding child-rearing because of a fear of climate change is a metaphorical act of surrender to the problem. It might take several generations to solve but if millennials abandon child-bearing then it won't get solved.