Demographics Now and Then
Looking at the five largest (by population) countries in the EU does not induce much confidence in their future (demographically, economically or otherwise). Italy, Spain have lowest low TFR (sub 1.3). Germany will likely have sub 1.4 this year, Poland alsoโฆ
All are heavily reliant on immigration which has plenty of pitfalls. The EU is doomed to irrelevance before 2040.
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Simply incredible. Canada, New Zealand, & Australia adopting the same mass migration policies at the same time. This is not the cure all their respective policymakers are selling it as. The demand for more migrants to pay pensions for those retiring in 2050 will be epic.
Net-migration for the year ending June 2023:
USA โฌ๏ธ1,138,989
Canada โฌ๏ธ1,131,181
UK โฌ๏ธ672,000
Australia โฌ๏ธ518,087
NZ โฌ๏ธ101,518
Canada = absolute level of immigration as the US.
Net-migration for the year ending June 2023:
USA โฌ๏ธ1,138,989
Canada โฌ๏ธ1,131,181
UK โฌ๏ธ672,000
Australia โฌ๏ธ518,087
NZ โฌ๏ธ101,518
Canada = absolute level of immigration as the US.
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The State of Texas has seen Non Hispanic White births plummet. NHWs make up ~40% of the Texan population but only ~25% of births in 2022 according to CDC wonder and analysis by Global Demographics @nonebusinesshey. Truly astounding. NHW Texan TFR must be quite low.
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Proportion of total births that were fourth or higher order for mothers in the US, by birth country, Jan-Oct 2023. Indian, Chinese, & Colombians have smaller families in the United States while Somali, Congolese, Afghan, Burmese & Laotians have huge families. The TFR for Indian and Chinese Americans is also quite low. Between 1.3-1.4.
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My honest guess is ~20-25% of American women currently aged 25-44 will remain childless. The highest level ever. TFR will probably fall to sub 1.5. Still much higher than the East Asian average or that in Germany, Italy, Spain, Poland or Canada but no longer exceptional.
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Finland fast becoming one of the most aged societies in Europe. ~25% of the population is forecast to beโฌ๏ธage 65 by 2028. Their TFR is on track to fall below lowest low (1.3) this year. Whatโs worse is that they took on a ton of debt during COVID & taxes already 31%+ of income.
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Demographics Now and Then
Know many people are saying this is no big deal & that US Treasury holders will take up the slack but I disagree. There are many risks. Also China, Saudi Arabia & others have not even exited our T-note market yet. As a country ages+has many bills more expensiveโฆ
Also, as you can see on the table, of our remaining major foreign treasury security holders 2 are likely to drop off for security reasons (China as they want no Russia repeat+KSA due to 9/11 potential $1T suit) & 5 are aged & will have to dramatically up pension & medical spending in years ahead.
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Demographics Now and Then
Also, as you can see on the table, of our remaining major foreign treasury security holders 2 are likely to drop off for security reasons (China as they want no Russia repeat+KSA due to 9/11 potential $1T suit) & 5 are aged & will have to dramatically up pensionโฆ
Thus debt sustainability (especially in the context of our rapidly aging population and plummeting fertility rate) is a huge area of future concern.
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Vietnam is a demographic example more people should look into. Their fertility rate has never gone below 1.99 despite rapid development. Currently itโs above 2.0. Much more research into how Vietnam maintains this relatively high TFR is needed. Potentially applicable lessons.
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At independence in 1971 Bangladesh had a TFR of almost 7 & only 4% of women were in the workforce. Today TFR is close to or just below replacement & 35% of women are doing paid work. Its economy averaged 7% annual growth in the 2010s& it may be a upper-middle-income country by 2030s.
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Demographics Now and Then
At independence in 1971 Bangladesh had a TFR of almost 7 & only 4% of women were in the workforce. Today TFR is close to or just below replacement & 35% of women are doing paid work. Its economy averaged 7% annual growth in the 2010s& it may be a upper-middleโฆ
The nation (of a roughly similar size as the U.S. State of Iowa) has around 170M people & likely to reach its population peak at around 200M by 2050. This is good for the country as it is likely to enjoy a 30 year plus demographic dividend & is already very densely populated.
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Demographics Now and Then
The UK had its highest ever recorded TFR in years 1815-1820 at~5.5. Life expectancy in the country at that time was ~40. TFR then fell relatively steadily before leveling off at~4.8 by 1830. Huge fall between 1880-1899 from 4.75 to 3.58. Then another bigโฆ
TFR then ticked upwards in the postwar demographic boom period hitting a high of 2.69 in 1947 & stayed above replacement until 1972. Since 1972 TFR has persistently stayed below replacement (like almost all countries in Europe)hitting an all time recorded low of โฌ๏ธ1.5 last year.
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Home ownership rates in Romania, Lithuania, Croatia, Macedonia, & Slovakia are amongst the highest on earth. At the time of this study (2016) TFRs of these countries were as follows: Romania was on 1.68, Croatia (1.43), Lithuania (1.69), North Macedonia (1.78), Slovakia (1.48).
My reason for this post was because a few people have stated in the past that there was a strong correlation between home ownership and TFR. The lower homeownership countries on the list had a 2016 TFR of France (1.89), Denmark (1.78), Germany (1.59), & Switzerland (1.55).
My reason for this post was because a few people have stated in the past that there was a strong correlation between home ownership and TFR. The lower homeownership countries on the list had a 2016 TFR of France (1.89), Denmark (1.78), Germany (1.59), & Switzerland (1.55).
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