Could a $5,000 "baby bonus" convince Americans to have more kids? Here's what the data shows.

Americans are having fewer babies, with the annual birth rate now standing near a record low. It's a trend that has implications for the nation's long-term outlook — and has drawn attention from the Trump administration, with the New York Times reporting that a proposal for a $5,000 "baby bonus" may be one option for juicing the birth rate. 

"Sounds like a good idea to me," President Trump said on Tuesday at a White House event when asked about the possibility of a federal baby bonus. 

Yet the idea may be far from becoming a reality, with a White House official telling CBS MoneyWatch that no final decision on such a plan has been made.