Tag #Falling Fertility Rates

What are the immediate economic and social consequences of Australia's record-low fertility rate of 1.4 births per woman?

Australia's fertility rate has plummeted to 1.4 births per woman in 2023, far below the replacement rate of 2.1. This decline, coupled with increasing life expectancy, is projected to significantly impact Australia's economy and social welfare systems. The consequences include decreased GDP growth and a shrinking workforce relative to the growing retired population.