Social Security, Medicare threatened as birth rate hits 32-year low
The U.S. birth rate hit a 32-year low in 2018, which could spell trouble for popular social programs for older Americans like Social Security and Medicare.
According to data from the National Center for Health Statistics at the U.S. Centers for Disease Control and Prevention, about 3.79 million babies were born in the U.S. last year – down 2 percent from the year prior. At the same time, the fertility rate dropped to a record low – remaining below the replacement level needed to maintain the population at current levels.
These new figures, released on Wednesday, mark the continuation of downward trends that have been occurring for a number of years. It will also exacerbate the fact that the U.S. is already considered an "aging society," where there are more older people than young ones. According to predictions from the U.S. Census Bureau, one in every five U.S. citizens will be aged 65 or older by 2030. At the same time, population growth was expected to meaningfully slow between 2017 and 2060.
As a result, social programs that rely on workers paying into them through income taxes, to support aging Americans, could experience an even bigger financial strain.
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More: https://www.foxbusiness.com/economy/...te-32-year-low
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