The U.S. is headed towards demographic disaster but no one in the establishment is warning us of how this will impoverish us.
Recently reported U.S. fertility rates are the lowest ever recorded, a sure sign of demographic disaster. Remember all that “good news” the media reported months ago about the declining teen birth rate? Well, now it seems to be part of a larger trend. And it is not good news.
Consider this video from seven months ago. It was filled with lots of fiction but the essential point is made about 45 seconds in.
When their economic future is in doubt, women are less likely to have babies. Not just teens, all women.
(Note: that stuff about Colorado reducing births through free birth control is not based on reality.)
ABC News reports,
Fertility rates in America — the number of babies born per woman between ages of 15 and 44 — are at the lowest levels ever recorded, according to researchers in a new report from the U.S. Centers for Disease Control and Prevention.
The findings are based on population data from the CDC that and track birth and fertility statistics dating back to 1909. This does not indicate there are more infertile women; rather it means that fewer babies are being born to women of likely childbearing age in the U.S. Measuring the fertility rate is viewed as a more accurate data compared with overall birthrate, which compares babies born with the total U.S. population.
Today the fertility rate has decreased from 60 births per 1,000 women in the first quarter of 2015 down to 59.8 per 1,000 in the first quarter of 2016. This means there are on average less than 6 babies born for every 100 women in this age group. In 2010 there were 6.4 births for every 100 women in the group. This follows a trend in recent years of declining birth rates in the U.S. with general fertility rates declining more than 10 percent since 2007.
What is mind-blowing, however, is the video that accompanies the article (it starts automatically so I decided not to embed it here). It recommends that people who need their “infant fix” go to YouTube to look at babies. That is the only downside of the “baby bust” according to the jaunty voice of the newsman. The whole thing is treated as a baby joke instead of an economic and demographic disaster.
The term, “baby bust,” should clue you in to the ramifications. The baby boom accompanied a post-World War II economic surge in the United States. The restoration of normalcy made a generation optimistic about the future. They started having babies and ensured their economic expectations came true.
But since the financial crisis the young aren’t just putting off babies; they are delaying household formation. Many are living with their parents after college. So low expectations and financial hardship may mean a dismal economy for the next generation.
George Bush’s financial crisis and Barack Obama’s “recovery” may cast a shadow over the entire century. The bubble that started with Bill Clinton’s administration is going to leave us with a demographic winter that lasts decades.
The baby boom was an economic turning point. There is no reason to believe the baby bust will be any less significant.