Fertility Rates Keep Dropping, And It's Going To Hit The Economy Hard
Total fertility rates, which can be defined as the average number of children born to a woman who survives her reproductive years (aged 15-49), have decreased globally by about half since 1960. This has drastically shaped today’s global economy, but as Visual Capitalist's Caitlin Cheadle explains, a continued decline could have much more severe long-term consequences.
If the world has too many elderly dependents and not enough workers, the burden on economic growth will be difficult to overcome.
Fertility Rates Start to Decline