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Falling Birth Rates Will (Probably) Destroy the Economy
What this means for America…and for you.
Gnashing of teeth and rending of sackcloth could be witnessed across the nation earlier this month as economists and politicians digested the recently released birth rate data.
In short, the much expected baby boom that was supposed to develop from people being locked down together, with apparently nothing to do but get it on, never materialized.
In fact, quite the opposite occurred; birth rates dropped even more precipitously than in previous years, and the trend shows no signs of reversing any time soon.
Not only does this spell the end of the “growth at all costs” national economic model, it will also kill entitlements in their current form, removing a very large political hammer that has been employed to scare seniors into voting.
What Did the Data Show?
The national and international reports (links) showed that around the world, birth rates are significantly below the replacement rate.
The replacement rate is the number of babies required to replace the number of people who conceived them. It is measured in the number of babies a hypothetical group of 1,000 women must have to meet this goal.
