Great Recession Porn: Economic Crisis Slows U.S. Population Growth

As it turns out, a bad U.S. economy is not conducive to robust U.S. population growth. Here is the USA Today with the details:

The U.S. population is growing at the slowest rate since the Great Depression after two decades of robust increases.

For two consecutive years since 2009, the population has grown just 0.7% a year, down from annual increases around 1% in previous years and the lowest since the late 1930s. The U.S. gained 2.2 million people from 2010 to 2011 — fewer than the 2.8 million added a decade earlier — reaching a total of 311.6 million.

"Almost anybody who observes these things over the years can say this is almost all recession-related," says Carl Haub, demographer for the Population Reference Bureau.

The government says the recession ended in June 2009. Although the economy has improved, the downturn's effect on birth and immigration lingers. The number of babies born from July 1, 2010, to July 2011 dropped 200,000 from the same period in 2008-09. The number of additional immigrants fell 150,000.

"It's an indicator of an unhealthy economy," Haub says. "People are obviously still delaying births, and immigration has continued to drop because job opportunities are not there."

The U.S. fertility rate — which has been close to the replacement level of 2.1 children per woman in contrast to many developed nations that are well below that level — now is estimated to have fallen to 1.9, says demographer Joseph Chamie, former director of the United Nations Population Division and more recently research director at the Center for Migration Studies.

Putting aside the looming collapse of our economy for a moment, long term this portends a real disaster for an aging population which expects to be supported by government programs post-retirement. Demographics were already working against the long term solvency of Social Security and Medicare even before the downturn hit.

Though the article doesn't say so, I would gather that a large percentage of those delaying having children are the sons and daughters of the middle class who have not been able to find the types of secure employment that would allow them to settle down and raise a family. Which means the trend is doubly bad because it is the middle class that pays the lion's share of the overall taxes in our society.

Nevertheless, somehow despite this very bad news hope still springs eternal:

Demographers expect population growth to pick up when the economy rebounds fully, but a bounce-back in births is likely to lag.

"Many — but likely not all — of the postponed births can be expected to be made up," Chamie says. "Even with the slight current downturn in births, the U.S. population will very likely reach 400 million midcentury."

There it is again, that completely faith-based belief that real economic growth just HAS to resume, because in always has in the past. The demographers would do us all a much better service if they would instead devote some time studying what the effects would be if economic growth DOESN'T resume. Because that is the reality we all face and the one for which we need to start basing our planning for the future.


Bonus: "I think I'm sophisticated 'cause I'm living my life like a good homosapien. But all around me everybody's multiplying 'till they're walking round like flies, man"