South Korea's fertility rate, already the world's lowest, has dropped yet again in the latest setback to the country's efforts to boost its declining population.
South Korea’s fertility rate, already the world’s lowest, has dropped yet again in the latest setback to the country’s efforts to boost its declining population. The national statistics body reported Wednesday that the fertility rate, or the average number of children expected per woman, fell to 0.78 in 2022 – down from 0.81 the previous year. Countries need a fertility rate of 2.1 to maintain a stable population, in the absence of immigration.
Experts say the reasons for these demographic shifts across the region include demanding work cultures, stagnating wages, rising costs of living, changing attitudes toward marriage and gender equality, and rising disillusionment among younger generations. But despite the economic factors at play, throwing money at the problem has proved ineffective.
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