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The global fertility crisis
Fertility rates across advanced economies have fallen dramatically and are expected to remain low indefinitely. The U.S. and other rich countries have seen birth rates fall well below the replacement rate decades ago, which implies a rapidly aging population together with a stagnating or even shrinking workforce.
The usual suspects are being blamed for plummeting fertility rates: No one can afford childcare expenses anymore as the cost of services has surged. Education and housing costs have ballooned, making it more unaffordable to raise a family.
While there is some truth to these anecdotes,
