U.S. Population Decline Ahead

Benzinga

The Congressional Budget Office cut its long-term U.S. population growth forecast, citing lower immigration and declining birth rates, with deaths expected to exceed births by 2030, according to The Wall Street Journal.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02The Congressional Budget Office lowered its long-term forecast for U.S. population growth

00:07on Wednesday, citing immigration policy changes and declining birth rates,

00:11according to the Wall Street Journal. The CBO projects the population will grow from

00:16349 million this year to 364 million in 2056 before beginning to shrink. A year ago,

00:23the agency projected the population would reach 372 million in 30 years,

00:28then revised the estimate to 367 million in September.

00:33The CBO said the slowdown reflects an aging population, declining fertility,

00:38and trumps immigration policies. Deaths are now expected to exceed births in 2030,

00:43earlier than the 2031 estimate issued in September. The CBO said most changes to migration estimates

00:49reflect a documented decline in illegal immigration, which has also lowered projected fertility rates.

00:54For all things money, visit Benzinga.com.

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