If America’s birthrate falls again in 2018, it could drop below the replacement level for Social Security by 2019.
America’s birthrate fell to a record low in 2017. Moreover, the birthrate fell by 2% between 2016 and 2017.
In fact, America’s birthrate fell for all groups except women in their 40s, the Centers for Disease Control and Prevention (CDC) calculates. Additionally, the birthrate for some groups fell faster.
The number of babies born to women between 20 and 24 years old fell by 4% in 2017, for example. Meanwhile, the teen birthrate fell by 7% to 18.8 per 1,000 a record low.
In detail, America’s birthrate, or fertility rate, was 60.2 per 1,000, National Public Radio reports. As a result, America’s birthrate fell to its lowest level in 30 years in 2017.
America’s Birthrate Declines Sharply
“The U.S. fertility rate has declined sharply since the Great Recession,” the Center for Retirement Research at Boston College concludes.
Notably, the decline in America’s birthrate is threatening the future of Social Security, the CDC claims. To explain, the current Social Security System needs a birthrate of 1.8% to provide enough workers to fund retirement through taxes.
Consequently, if America’s birthrate falls again in 2018, it could drop below the replacement level for Social Security by 2019. Therefore, Congress could raise taxes to fund Social Security.
Uncle Sam finances Social Security with taxes on working and middle-class people’s salaries. If the number of working and middle-class people falls, the amount of Social Security taxes correspondingly drops. Under those circumstances, Congress will have to cut retirement benefits or raise taxes to fund Social Security.
America’s Birthrate Forces Maine To Help Pay Student Loans
The drop in America’s birthrate is forcing one state to take drastic action. In particular, Maine is paying off student loans to get younger people to move there.
Maine’s government is offering college graduates tax credits to help pay their student loans, CNN reports. Furthermore, Maine will cut state your state taxes by the amount of your student loan. As an illustration, if you owe $5,000 in taxes and $4,000 in loans, Maine will cut your tax bill by $4,000.
The state issued the tax credit because Maine’s population is the nation’s oldest. Maine officials hope the tax credit will lure young professionals to the state.
Officials admit that Maine’s population is below replacement because of a low birthrate. To clarify, the replacement rate is the number of babies needed to take the place of every adult in the state.
“Over time, the employer community spoke out loud and clear that even if 100% of college graduates in Maine chose to stay here and work, that still (wouldn’t) fulfill our workforce need,” Natalie Wells of Live + Work in Maine claims.
Desperate Maine Pays People To Move There
In addition, Maine will even pay some college graduates to move the state.
People with science, technology, engineering, and math (STEM) degrees could receive a check instead of a tax bill in Maine. If a STEM major’s student loan payment exceeds his or her state taxes, Maine will make up the difference. For example, a STEM major with a $1,000 tax bill and $2,000 in student loans could receive a $1,000 “nonrefundable tax credit.”
Maine is taking such desperate measures because its population is aging fast. Particularly, the average age in Maine is 44 years – the highest in the nation.
America’s Birthrate Decline Could Destroy Your Home Value
Baby Boomers could have trouble selling their homes because of America’s birthrate decline.
Fewer Millennials (people under 35) are having children. For this reason, fewer of them will buy the suburban, single-family homes that Boomers own, Fortune contributor Joseph Coughlin predicts.
Because of this, many Baby Boomers (those between 53 and 73) will not find buyers for their houses. So, Boomers will not be able to finance their retirement by selling the family home.
Even if the Boomers can sell their homes, they will have to do so at a steep discount. Thus, many Boomers could find themselves with nothing but Social Security to live on after retirement.
However, Social Security could cut payments because America’s birthrate is continually declining. Under these circumstances, America’s birthrate downturn threatens the nation’s economic stability.
You may also enjoy reading an additional Off The Grid News article: Student Loan Debt Crisis Threatens America
What do you think about the decline of America’s birthrate to a record low? Let us know in the comments below.
This Article Was Originally Posted On offthegridnews.com Read the Original Article here
NYC Adds Nearly 4,000 People Who Never Tested Positive To Coronavirus Death Tolls
New York City added nearly 4,000 people who never tested positive for the coronavirus to its death toll Tuesday, bringing coronavirus-related deaths in the city to around 10,000 people.
The city decided to add 3,700 people to its death tolls, who they “presumed” to have died from the virus, according to a report from The New York Times. The additions increased the death toll in the U.S. by 17%, according to the Times report, and included people who were suffering from symptoms of the virus, such as intense coughing and a fever.
The report stated that Democratic New York City Mayor Bill de Blasio decided over the weekend to change the way the city is counting deaths.
“In the heat of battle, our primary focus has been on saving lives,” de Blasio press secretary Freddi Goldstein told the Times.“As soon as the issue was raised, the mayor immediately moved to release the data.”
The Ultimate Energizer Review – Does It Really Work?
If you’re looking for a review of the ultimate energizer guide then you have come to the right spot because in this exclusive article we’re going to blow the lid off the ultimate energizer once and for all and reveal weather it is the real deal or not.
This brings us to the review of the ultimate energizer guide. This is a program that provides users with classified information on how to build a free energy generator. But can the program really make you achieve this?
does it work? will it be worth your investment, time and energy? all these questions and more are what this review on the ultimate energizer program seeks to help you find answers to.
The ultimate energizer review – is it worth it?
About The Ultimate Energizer guide
The ultimate energizer is your ultimate guide to building your own alternative and portable energy source to power up any of your household appliances including refrigerators and aircon units. It is a very affordable way to having an emergency generator that can help you save more than 50% from your electricity bills without spending too much on other alternative energy source like solar panels or wind turbines which is costly and will also need a lot of space.
The ultimate energizer causes you to be calm about the electricity bill. This well ordered guide shows you how to manufacture this claim “home energy gadget” today impeccably. This will dispose of your energy charge ensured.
It is lost to the earth which means we need to really take care of it in order to reduce the cost of energy bills which introduces the ultimate energizer guide.
About The Ultimate Energizer Creator
The creator of the complete the ultimate energizer guide is steven perkins. He found the journal of the founder of this technology in his home when his father shifted near quebec city in canada.
In this post, we will review the ultimate energizer whose creator claimed to offer a way through which you can generate non-stop current. According to the author, you can drop down your electricity bills by 80%.
Of course the ultimate energizer owners provide resources. But the truth is that you are a master creator. All of them have that talent in us. The only difference is the extent to which it is hidden in each of us.
Features of The Ultimate Energizer
The features of the ultimate energizer guide are as follows:-. This program guide will help you to design a the ultimate energizer generator which will follow the rules of linear induction motor which is built around a track that is orbicular to maintain the smooth motion of rotors that are transportable.
You can find here, a extensive review which highlights all the important features and performance criteria of the ultimate energizer. Use of the the ultimate energizer is very easy since all of the functions can be accessed in a short time; you have complete control over it. 100% money back guarantee shows that the ultimate energizer really works. The ultimate energizer gives full customer support for 7/24/365, also, features, credibility and the ultimate energizer’s ease of use are favorably satisfied by the buyers.
Use it on any electrical appliances from small clocks to big plasma tv screens, refrigerators, and air conditioners. Power the cabins while hiking to the mountains or camping. Other essential features of this complete the ultimate energizer are that it is easy to assemble and does not require a technical background to master engineering.
Pros and Cons of The Ultimate Energizer
I’ve created this honest ultimate energizer review to help you make a well-informed decision. I’ve tested it myself and now i’m going to share with you all the key aspects you may be interested in: how does it work? is it really so powerful and effective? what are its pros and cons?.
It is non-polluting. It remains popular the ultimate energizer guide pros & cons because it is both a renewable and clean source of energy. Harnessing solar energy is more than a fine idea it’s currently a reality in thousands of homes in a lot of nations around the world.
On the review of the ultimate energizer guide, we will be looking into what exactly the program is all about, the details of the energy generator program, the benefits, pros & cons and our conclusion on the program.
Does The Ultimate Energizer really work?
The device is usable during emergencies. It works without fuels and therefore there are no expected fumes. It is weather proof. Cons of the ultimate energizer. You can only download the program from the official website.
But the ultimate energizer reviews that are available from real users online on platforms like google and youtube seem to confirm that the device does indeed work. So, as per my ultimate energizer review answer to the question is the ultimate energizer legit? is definitely yes.
The ultimate energizer guide. The ultimate energizer is said to work for your home and cut electricity by 82%, guaranteed by tomorrow. The ultimate energizer reviews. It can boost any type of electricity by as much as 5 times.
Advantages of The Ultimate Energizer Program
The program can benefit you in many ways. Below we are listing the advantages of using the ultimate energizer program for generating electricity:. This device will help you save up to 60%-70%, without investing money in solar panels which can cost you a lot of money.
There are additional the ultimate energizer guide program advantages too, including advantages at tax time, so do your homework on what you might have for being a solar power pioneer contributed back.
Why The Ultimate Energizer is Useful?
The ultimate energizer is a complete guide and blueprint. With it, you get everything you need to know to build your own free energy generator. This generator can be completed for less than $50 if you have some tools already. But i remember reading another review of the ultimate energizer, and the guy said he took days. Maybe he was crafty. Then, you assemble it and get it to work.
You will be guided step by step, that anybody who can read can build it. You do not need prior building experience or massive strength; it is that easy. Building the ultimate energizer takes under 4 hours if you are slow and definitely a lot less when you have help.
The ultimate energizer has already changed the lives of over 30,000 families who chose to power their homes using this eco-friendly device. This is definitely a good investment that is worth your time and money and if you think it isn’t after trying it out, you can request for a refund.
Is The Ultimate Energizer a Scam?
The ultimate energizer guide really show you how to power your house and save tremendously, or is this just another overhyped scam? this system was created after its owner decided he wanted to have a home power generating system in case of any crises or disasters.
The ultimate energizer pdf. It does not need any conventional electric power. The ultimate energizer scam. In this program, you can also build more generator and sell for profit. This product can also be incorporated into the automobile to power an electric motor.
All you need is an open mind and a desire to try new things to get a life in the field of freedom of energy. So, what are you waiting for? it’s time to say goodbye to major energy companies and start using the ultimate energizer guide today.
Watch this video demonstration of the ultimate energizer guide put into action
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