Lower birth rates could impact the economy. Here's why

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Lower birth rates could impact the economy. Here's why
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High rates of inflation combined with more access to contraception have led to lower birth rates.

CHARLOTTE, N.C. — High rates of inflation combined with more access to contraception have played a part in lower birth rates worldwide.By 2050, most countries won’t produce enough babies to replace their populations, which has the potential to decimate workforces all over the planet.If current rates hold, only 49 countries will make up most new births. By 2,100, the number of countries is expected to be just six -- with all of those being in Asia and Africa.

For the latest breaking news, weather and traffic alerts from WCNC Charlotte, download the WCNC Charlotte mobile app and enable push notifications. Experts say the most likely solution would be for more developed, richer countries to adopt more lenient immigration policies. This way, countries could replace their workforces while keeping economies strong, and less-economically developed countries with high birth rates could avoid overcrowding.

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