Deep Dive: 5 Forces Causing The Population Collapse

In my 2021 Social Capital Annual Letter, I warned that a demographic time bomb was already ticking. Since then, the U.S. total fertility rate has fallen another 4% to a record low of...

In my 2021 Social Capital Annual Letter, I warned that a demographic time bomb was already ticking. At the time, U.S. Census data showed deaths exceeding births in more than 73% of U.S. counties. Even after stripping out pandemic-related deaths, population growth had still neared all-time lows. Since then, the U.S. total fertility rate has fallen another 4% to a record low of 1.6, extending a long-term decline of 57% since 1960. And the U.S. is not an outlier. 110 out of 204 countries now sit below the total fertility replacement level of 2.1. By the year 2100, it’s expected that over…