The Demographic Cliff

Jonathan V. Last, author of the new book, “What to Expect When No One’s Expecting,” discussed the coming demographic disaster on CBS This Morning with Norah O’Donnell and Gayle King.

Last speaks about the possibility of America’s shrinking population and said, “No example in recorded Human history, of a society experiencing long-term peace and prosperity with declining populations and that’s where we’re heading to now. The American people have been below the replacing rate fertility since the early 1970’s and that’s going to put great strains on Medicare and social security and slow down our economy just like we’ve seen in Japan and Greece. ” When the interviewer said she thought we were over-populated, Last replied, “We’re really not … global fertility rates is dropping for forty years now we are headed for population contraction worldwide within the next six years.

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