The fertility rate in Canada is a topic of growing concern, as it has been steadily declining over the years. However, a closer look at the data reveals an interesting trend: while the overall fertility rate is dropping, older women are having more children than ever before. This creates a ripple effect that impacts various economic indicators, such as future growth, the unemployment rate, immigration policy, and contribution rates to the Canada Pension Plan. But here's where it gets controversial... Are we missing something crucial in our understanding of this trend? And this is the part most people miss... The birth rate for 27-year-old women has dropped by more than half since 1940, while the birth rate for 37-year-old women has tripled since 1977. This suggests that older women are having children later in life, which could have significant implications for their retirement plans and saving patterns. So, what does this mean for the future of Canada's economy and society? And what can we do to address this trend? These are the questions we need to explore further to gain a deeper understanding of the impact of fertility rates on our society.
