09/24/2025 / By S.D. Wells
Global fertility rates have plunged dramatically over the past six decades, raising urgent concerns among experts about demographic, economic, and social consequences. Fertility rate, defined as the average number of children a woman bears in her lifetime, has declined from four to five children in 1960 to 2.2 by 2023—barely above the replacement rate of 2.1. While the world’s population continues to grow, reaching an estimated 8.1 billion in 2025, the pace of growth has slowed, with projections indicating further decline.
Demographers warn that if these trends persist, societies will face shrinking workforces and ballooning costs associated with aging populations. Steven Mosher of the Population Research Institute described the situation as a “gradual implosion of the world’s economy,” predicting long-term instability that will be difficult to reverse. Similarly, macroeconomist Jesús Fernández-Villaverde called declining fertility “the true economic challenge of our time.”
According to the U.S. Census Bureau, only about 4 percent of the global population lives in countries with high fertility rates—primarily in Africa, where even those rates have declined. Nearly three-quarters of humanity now resides in nations at or below replacement fertility. India, the world’s most populous country, has seen its fertility fall from around six children per woman in 1960 to 1.9 in 2023. China’s fertility has dropped below one, while South Korea, Singapore, and Ukraine have some of the lowest rates worldwide, all under 1.0. The United States fell below replacement in 1972 and hit a historic low of 1.62 in 2023.
In Western nations, the decline began in the 1960s with the advent of oral contraception, abortion legalization, and rising divorce rates. The FDA approved the first birth control pill in 1960, and within five years U.S. birth rates had already fallen. Roe v. Wade (1973) further accelerated the decline, with studies showing significant reductions in birth rates following abortion legalization. Similarly, divorce law reforms in Europe and North America contributed to shrinking family sizes.
China’s experience underscores the dramatic impact of policy. Following famine and political upheavals in the mid-20th century, Beijing introduced the one-child policy in 1979, enforcing it through contraception, sterilization, and abortion. Researchers estimate that the policy prevented between 400 and 520 million births, leaving the country with one of the most rapidly aging populations in history.
Today, financial concerns are a major factor in low fertility. In South Korea, respondents in a United Nations survey cited housing costs, limited space, and childcare expenses as the leading reasons for delaying or avoiding parenthood. In the United States, surveys show that over one-third of childless adults feel they cannot afford children. The Department of Labor reports that childcare costs often rival or exceed rent, creating a significant barrier for young families.
Experts caution that while the demographic shift is gradual, its effects will intensify within decades. Nations with persistently low fertility face economic stagnation, labor shortages, and social strain as older generations outnumber the young. With fertility rates at a 60-year low and falling across nearly every region, the world confronts a looming population crisis that could reshape global economies and societies for generations to come.
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