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Social Security: Declining Fertility Rate Threatens Finances
The Centers for Disease Control (CDC) recently released its 2012 data on births, indicating detrimental trends that could cast yet another blow to the already daunting fiscal future of Social Security. The year 2012 marked the fifth straight year of declining fertility rates in the United States. From 2007 to 2012, the total fertility rate fell more than 10 percent: from 2.12 children per woman in 2007 to 1.88 in 2012. This decline in fertility means fewer workers, lower output, and fewer taxpayers to support the federal government’s ever-growing spending and debt, including future Social Security and Medicare benefits for current workers. Read more…
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