America’s declining birth rate foreshadows some tough financial times ahead

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Here's why the U.S. fertility rate could foreshadow an economic downturn

There were more than 3.7 million estimated births in 2018, down 2% on the year before, the Centers for Disease Control and Prevention’s National Center for Health Statistics said Wednesday. That’s the lowest level since the 1980s, despite an improving economy.The fertility rate could foreshadow an economic downturn Typically, the birth rate rises with an improving economy, but there are other factors at play.

Families shouldn’t spend more than 7% of their income on child care, according to a recommendation by the Department of Health and Human Services, but there’s no state in the country where parents can follow that recommendation, a 2018 analysis by Child Care Aware of America found. This will further compound declining Social Security contributions Anqi Chen, assistant director of savings research at Boston College’s Center for Retirement Research, said robust birth rates were important for the future health of Social Security funds.

The trustees’ report acknowledges that the future of the trust funds depend on many things, like the size of the workforce, the number of recipients and how much they are getting. Immigration, marriage and divorce rates and the mortality rates also play a part.

 

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Meanwhile immigration, illegal, H1B, etc. has dramatically increased. So... Never use a single data point, data set, or chart, to form a hypothesis unless you want to look like a fool.

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