U.S. Population Growth Slows to Hundred-Year Low
January 9, 2020
The American population is growing at the slowest pace in more than a century, increasing by less than half of a percent in 2019. The last time the U.S. saw population growth this year was during the Spanish flu epidemic of 1918. There are several causes for this. The death rate has increased as more boomers age, millennials are choosing to wait longer to have children and have fewer, and net immigration is declining.
While the impacts may not be felt for years to come, the slowing population growth could have major economic implications. A lower number of workers, decreased need for housing, fewer taxpayers and consumers could all hinder economic growth.