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In the United States, while the decline hasn't reached the alarming levels of places like South Korea or Japan, a drop in fertility to 1.64 children per woman signals a notable trend. Financial instability, changing priorities, and exorbitant child care costs are also to blame, prompting many to delay or forgo parenthood altogether.
The Ecosocial Implications of Declining Birth Rates
The implications of dwindling birth rates extend beyond mere numbers. Economically, fewer young workers mean slower growth and increased pressure on social welfare systems, particularly as retirees outnumber the working population. This scenario raises concerns about who will fund pensions and provide care for the elderly.