Tag: fertility
We know what we are dealing with, and can take steps to address it. The key metric used to summarize Social Security’s financial status is the 75-year deficit. This number is the present discounted value of scheduled taxes (plus the existing trust fund) minus the present discounted value of scheduled benefits divided by the present…
It’s happening all over the developed world. Birth rates are falling in China, South Korea, Japan, Mexico, Spain, Portugal, Germany, and Greece. Things have played out more slowly in the United States, but we seem to continue moving in the same direction. The U.S. fertility rate has been in decline since just before the Great…
