Summary
The U.S. birth rate is decreasing, which could cause the economy to lose $103.9 billion. Less population growth means there are fewer people to support economic activities like spending, working, and paying taxes.
Key Facts
- U.S. birth rate has fallen to an all-time low of 1.6 births per woman.
- Fewer births mean the workforce and consumer numbers are shrinking.
- The U.S. economy could miss out on $103.9 billion in its GDP.
- Slower population growth led to 1.4 million fewer people impacting areas like housing and retail spending in 2025.
- The decline in birth rates is creating a "demand shock," affecting industries such as housing, healthcare, and services.
- States like California, New York, and Texas may suffer more due to reduced immigration balancing out domestic migration.
- The population over 65 is increasing, leading to more use of social services like Social Security.
- The Congressional Budget Office predicts population growth could stop by 2056 if trends continue.
