According to the last census, the U.S. population grew at the second-slowest rate over the last decade since the founding of the country. The two main reasons were a declining fertility rate—with birthrates declining almost 20% since peaking in 2007—and a reduction in immigration. The impact of the pandemic—in terms of mortality, long-term disability and anxiety over economic insecurity—will only make matters worse. This is a serious economic concern as well as a threat to America’s world leadership

Aging U.S. Population A Looming Problem

As Bloomberg columnist Noah Smith recently explained, as the U.S. population ages, the number of working-age people available to support each old person decreases. This puts an increasing financial and…

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