You want people to have more children? Pay for child care and make wages (single income households) keep up with costs.
That doesn't say much on its own. We don't know how the birth rate would have behaved without that money. And even if that supposed stimulus did have no effect, it could also mean that it's simply not enough money to offset whatever factors cause people to have fewer children.
I think the conclusion to draw is that wealth and economics likely play a role, but it's more complicated than can be sufficiently addressed with these kinds of cash handouts.
Whatever the factors are, throwing cash at the issue at best does nothing and at worst exacerbates it.