Tag: total fertility rate
Across high-income countries, fertility rates have fallen to record lows. In exploring this phenomenon, the key policy questions are: 1) why is this trend occurring? and 2) what, if anything, can be done to reverse it? For example, the finances of pay-as-you-go programs like Social Security are adversely affected by falling fertility, with fewer workers…
Are the Social Security Trustees too optimistic? The 2025 Social Security Trustees Report is standard fare. It confirms what has been evident for almost three decades – namely, Social Security is facing a 75-year financing shortfall that currently equals 1.3 percent of GDP. And, if no action is taken before 2033, the depletion of reserves…
