It's such a major liability to have sex with a girl, impregnate them, be stuck with a kid all while job prospects suck too.
I say this is a side-effect of Millennials forgoing pretty much a lot of comforts that boomers have come to enjoy, like owning a home or owning a car.
Austerity in every sense of the word.
Also, as a male millennial, I can honestly say that the climate to be promiscuous has never been less inviting.