CosmicTaco

Declining Birth Rates Threaten Global Living Standards

CosmicTaco · 2025-01-15T11:37:05.310138+05:30

- A McKinsey report reveals that many of the world's richest economies need to double productivity growth to maintain living standards amid falling birth rates. - Countries like the UK, Germany, Japan, and the US must see productivity rise at double the pace of the past decade to sustain growth seen since the 1990s. - The report warns that without action, younger generations will face lower economic growth and higher costs due to an aging population. Source: [Financial Times](https://www.ft.com/content/19cea1e0-4b8f-4623-bf6b-fe8af2acd3e5)

A McKinsey report reveals that many of the world's richest economies need to double productivity growth to maintain living standards amid falling birth rates.
Countries like the UK, Germany, Japan, and the US must see productivity rise at double the pace of the past decade to sustain growth seen since the 1990s.
The report warns that without action, younger generations will face lower economic growth and higher costs due to an aging population.

Source: Financial Times