Aging populations and low fertility
Tracking birth rates, age structure shifts, migration offsets, and labor market consequences of demographic decline.
Last updated: Apr 1, 2026, 10:57 PM
Births & Fertility
Total Fertility Rate
Births & Fertility
Core measure of replacement shortfall — 2.1 is the replacement level for developed countries.
1.62births/woman
-0.15 births/woman vs 10Y ago
Level
Change (pp)
-0.04 pp
Crude Birth Rate
Births & Fertility
Direct read on how many births are occurring at the population level per 1,000 people.
10.70per 1,000
-1.10 per 1,000 vs 10Y ago
Level
Change (pp)
-0.30 pp
Life Expectancy at Birth
Births & Fertility
Rising longevity compounds the aging problem — more years in retirement per person.
78.39years
-0.15 years vs 10Y ago
Level
Change (pp)
+0.95 pp
Age Structure
Population Ages 65+ (% of Total)
Age Structure
Cleanest headline aging metric — share of the population that is elderly.
17.93%
+2.99 % vs 10Y ago
Level
Change (bps)
+50.00 bps
Old-Age Dependency Ratio
Age Structure
Best single metric for economic burden — ratio of 65+ population to working-age (15–64).
27.69%
+5.10 % vs 10Y ago
Level
Change (bps)
+86.00 bps
Population Growth Rate
Age Structure
Shows when low fertility turns into stagnation or outright population decline.
0.98%
+0.28 % vs 10Y ago
Level
Change (bps)
+14.00 bps
Migration & Growth
Net Migration
Migration & Growth
Best measure of whether immigration is offsetting low fertility and aging.
4774.0kpersons
+0.00 persons vs 10Y ago
Level
YoY %
Infant Mortality Rate
Migration & Growth
Health system quality indicator that tracks development level — rising rates signal systemic stress.
5.50per 1,000
-0.10 per 1,000 vs 10Y ago
Level
Change (pp)
+0.00 pp
U.S. Total Population
Migration & Growth
Absolute population level — the bottom line of births, deaths, and migration.
340111.0kmillions
+13502.4k millions vs 10Y ago
Level
YoY %
+0.98 %
Labor & Economic
Labor Force Participation Rate, 55+
Labor & Economic
Whether economies are offsetting aging by extending working lives — key to fiscal sustainability.
83.90%
+2.70 % vs 10Y ago
Level
Change (bps)
+40.00 bps
Employment-Population Ratio, 55+
Labor & Economic
Tracks how much the 55+ cohort remains economically active as populations age.
80.70%
+2.90 % vs 10Y ago
Level
Change (bps)
+0.00 bps
Health Care ETF (XLV)
Labor & Economic
Market signal on healthcare demand — aging populations drive structural growth in medical spending.
147.7USD
+89.03 USD vs 10Y ago
Level
YoY %
+4.20 %