Birth Rates Falling Across the Developed World

Across the world, developed nations face the same issue of declining birth rates. Countries as as different as Italy and South Korea are facing birth rates below sustainable numbers, both for population and economy.

South Korea is barely treading water with their birth rate. Its birth rate per woman fell to only 0.72 in 2023 and is projected to fall further this year. The country we saved in the Korean War is on a path to self-destruction by failing to have enough children.

Booyoung Chairman Lee Joong-keun candidly predicts that if the birth rate decline in South Korea continues, then “Korea will face a crisis of national existence 20 years from now, including a decline in the economically productive population and a shortage of defense personnel to ensure national security and maintain order.”

The United States is not far behind. The American birth rate declined by nearly 25% between 2008 and 2022, to only about 1.6 per woman today.

Demographic trends are very difficult to reverse, as children from small families tend later to have small families or no children themselves. Political leaders in Italy and many other countries recognize the plummeting birth rates as a crisis.

Taiwan’s birth rate has fallen to only 0.87, far less than half of the 2.1 children per woman needed just to survive long-term. Although a conservative country, Taiwan has turned to liberal approaches such as more government-funded child care, which have never succeeded in boosting the birth rate.

Beginning in 2019, Hungary addressed its declining births by providing a $30,000 loan to newlyweds that is forgiven if they have three children, which makes more sense than Biden’s trillion dollars in student loans. Conservative policies by Viktor Orbán, the pro-Trump leader of Hungary, have increased its birth rate, which used to be the lowest in the European Union when he started and now exceeds the EU average.

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