"The most recent scare came from government figures released last week suggesting the fall in US fertility... may be speeding up, hitting a record low of 1.57 in 2025, below the 1.62 projected by the Congressional Budget Office."
"In 2000, there were about 24 Americans aged 65 and older for every 100 working-age adults. By mid-century, there will be 43, according to the CBO."
"Spending on old age entitlements will grow from 6% of GDP at the turn of the century to 12.7% in 2055, largely due to ageing, according to CBO projections."
US fertility rates are declining, projected to hit a record low of 1.57 by 2025, well below the 2.1 needed for population stability. This demographic shift is leading to an aging population, with the ratio of Americans aged 65 and older to working-age adults expected to rise from 24 to 43 by mid-century. The financial burden on working Americans will increase as spending on old age entitlements grows significantly, straining the economy and social systems, with deficits projected to reach 2% of GDP by the 2040s.
Read at www.theguardian.com
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