We're currently closer to peak with the policies we have in place right now.
The problem we have is one of multiple factors regarding education, policy, and the future. The more educated, and comfortable, people get the more they try to protect their own status.
Unfortunately the (for want of a better term) ruling class are constantly trying to scrape more from the working class. Living in luxury that would make Croesus blush with envy isn't good enough, because that other member of the ruling class not only has vast real estate holdings and a megayacht like they have... but they have a fleet of superyachts traveling around to support the megayacht. That means they need to get that as well or they lose. They can't lose, they have to get more status.
All of that while the wealthiest declare empathy as a weakness and don't care if children starve. Some of the other members of the class just below know better.
When it comes to the future people want their children to be at least as well off as they are when they have kids. Nobody wants to raise children to starve to death in front of them, indeed starving kids is one way to get the masses to engage in violent insurrection. However that's an absolute last resort thing for people who have kids. What will also happen is many people will just choose to not have kids, eliminating the fear. That's also why more than a few of the highest wealth holding individuals bankroll groups that fight against the legality of birth control and abortion.
You want birth rates to go up, society will need long-term proof that pro-family policies are in place... to have the faith their children will have a future that is bright hope filled.