Millennials Having Fewer Kids Could Weigh on the Economy for a Decade – Business Insider
But that kind of spending won’t be enough to offset the drag of a shrinking population on the economy over the long run, especially considering that the US birthrate has collapsed over the last half-century, economists told Business Insider.
The birth rate is continuing to drop – down 2% per year, every year.
The US Federal debt is now at $35 trillion and growing by another trillion every couple of months.
How do we pay of future huge debts with a smaller future population?
One way may be that automation (and AI) expand far faster than we expect, enabling smaller numbers of workers to achieve high productivity.
Reminder – this decline has been underway for over 200 years and is not caused by current economic or political issues.
