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Why the US Birth Rate Matters for the Economy
Description
In this episode of The Demographics Podcast, Lucas and Luna explore why the US birth rate is falling below the replacement level and what that means for economic growth, Social Security solvency, and the housing market. They drill into the specific number — a fertility rate of 1.66 in 2024 — and compare it with countries like Japan and South Korea. The conversation touches on the role of immigration as a counterweight, the impact of remote work on family location decisions, and why the American economy might be more resilient than others thanks to higher productivity and flexible labor markets. No alarmism, just the data and what it implies for the next decade.