taxes

Low birth rates a threat to economy, study shows

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Low birth rates a threat to economy, study shows | Catholic Register

““In advanced economies, citizens no longer must have children and raise them successfully in order to secure support in old age,” the study says. “Instead, the elderly in developed countries have largely been able to rely on health and retirement benefits paid for by other peoples’ children: that is, working-age adults who are currently paying the taxes for public pensions.”

But as the birth rates fall, the study shows, there will be fewer and fewer of these workers to support the needs of a growing cohort of retiring seniors.”

 

Ah, how people only pay attention when it has to do with their money.

Yes, this is a problem.  Late to the discussion, much, rest of the world?