U.S. birthrates have fallen by 4 percent, hitting a record low. And it’s not just America — people around the world are having fewer children, from South Korea to South America.
In some ways, this seems inevitable. From an economic standpoint, there’s the expensive trio of child rearing, education and health care in America. From a cultural perspective, women have more financial and societal independence, delaying the age of childbirth. What might be troubling are the consequences on our future economy and what an older population might mean for Social Security.
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