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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: mishedlo who wrote (21761)	1/19/2005 2:37:42 PM
From: RealMuLan	Read Replies (3) of 116555

-ggg--"A higher birthrate breeds social security success" 20.01.05 NEW YORK - Tara Trent of Lake Geneva, Wisconsin, has three girls, with another child on the way in June. The housewife, 31, and her husband, Ken, talk of having a fifth baby. Big families aren't unusual in the neighbourhood, she says. "Ken says we're not going to have any workforce later," Tara says with a laugh. "So we've got to pump these kids out to take care of us." The Trents are part of a demographic phenomenon in the US unmatched in any of its major trading partners: Americans are having more babies. That trend, combined with an annual inflow of immigrants that is more than the rest of the developed world combined, is undercutting President George W. Bush's argument for reforming the social security system. He asserts that the current system faces an emergency because of a sharp decline in the size of the future US workforce. nzherald.co.nz

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