SALT LAKE CITY — The number of babies born in 2018 fell 2 percent compared to 2017, marking four straight years of decreases. The 3.8 million babies born last year mark the smallest number in 32 years, according to new provisional numbers from the Centers for Disease Control and Prevention released Tuesday night.
The U.S. birth rate is now below the replacement rate of 2.1 children per woman, and experts say that could kick off events that will negatively impact all U.S. generations, from stalling economic growth to shortchanging funding for Social Security and other safety net programs that benefit the elderly.
America is becoming an “aging society,” said Matthew Mowell, a senior economist for Oxford Economics, a global economic forecaster that also released a report this week on declining births in the United States. “It does put a ceiling on the overall productive capacity of the economy — how much the United States is capable of producing. If we don’t see productivity pick up, it definitely dampens potential economic growth.”
According to the report, American cities and regions will “grow slower and older.”
“We are starting to see a lot of migration flows based around people’s stage in …read more
Source:: Deseret News – Top stories