US EditionThe looming ‘babygeddon’ and a solution to Australia’s falling birth rate
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The looming ‘babygeddon’ and a solution to Australia’s falling birth rate
What happens when populations shrink and the proportion of elderly surges? The answer is crystal clear: we don’t know. A demographic winter is historically unprecedented. Photo: Unsplash.com The average number of Australian children born per woman over a lifetime has sunk to the lowest on record—1.5. According to a recent report by consulting firm KPMG Australia, this is well below the “replacement rate” of 2.1 needed to sustain our workforce an…
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