Whether, and under what circumstances, people become parents has implications for individual identity, family relationships, the well‐being of adults and children, and population growth and age structure. Understanding the factors that influence pathways to parenthood is central to the study of families and can inform policies aimed at changing childbearing behaviors. This review summarizes recent trends in fertility as well as research on the predictors and correlates of childbearing, with a focus on the United States and on research most relevant to family scholars. U.S. fertility has declined in recent years, perhaps reflecting the influence of the Great Recession and increasing economic inequality, and there is growing divergence in behaviors across social class. Scholars of childbearing have developed theories to better understand how childbearing is shaped by life course processes and social contexts, but more work is needed to understand group differentials, refine measurement and theories, and better integrate men and couples. Childbearing research has important implications for social policy, but the application of research to policy is hindered by ideological factors.