CBO Confirms Slowing Growth of U.S. Population
The U.S. population growth is slowing down significantly, according to new figures from the Congressional Budget Office (CBO). The agency has revised its projections, estimating a decrease of 7 million people in the next decade compared to earlier forecasts.
CBO Forecasts Population Changes
The current U.S. population is approximately 349 million. The CBO now estimates this number will rise to 357 million by 2035. This marks a notable decline in growth, primarily attributed to a stricter immigration policy. The Trump administration’s measures to limit illegal immigration have played a crucial role in this shift.
Factors Contributing to Slower Growth
- Increased restrictions on illegal immigration.
- Reduced foreign student admissions.
- Declining birth rates among U.S. residents.
The CBO’s report highlights that by 2030, the number of births in the U.S. could fall below the number of deaths. This demographic change could lead to a population decline in the absence of immigration. Immigrants contribute positively to birth rates, as foreign-born women tend to have higher fertility rates compared to their U.S.-born counterparts.
Impact on the Economic Outlook
This demographic trend will significantly influence the CBO’s upcoming annual economic forecast, scheduled for release next month. The analysts emphasize the uncertainty surrounding long-term predictions. Minor fluctuations in birth rates, death rates, and immigration patterns could lead to substantial variations in the projected population.
In summary, the CBO’s confirmation of slower growth reflects broader societal shifts. As immigration policies tighten and birth rates decline, the implications for the U.S. population and economy become increasingly complex.
