The financial crisis hit parenthood plans: greying of the European baby boomers

user2014-05-23T17:09:25+02:00

The fertility rate has fallen sharply in the most affected by the crisis countries, the Vienna Institute of Demography sounded the alarm.  In order for the economy of a country to be supported the minimum fertility rate required is 2.1 children per woman. Underneath this rate, the effect is catastrophic leading to population ageing - and respectively to economic downturn. An example for this is China where there are 4 elderly people for every 1 working person. Another study shows...