📉South Korea's fertility rate has fallen to a record low of 0.72 births per woman.
🌍Several Asian countries, including Japan and China, are facing a similar decline in fertility rates.
💰Governments are spending billions of dollars to reverse the trend, but with little impact.
🏠High childcare costs and soaring housing prices contribute to the declining fertility rates.
⚖️Gender inequality also plays a role in discouraging marriage and childbirth.
Why is a declining fertility rate a problem?
—A declining fertility rate leads to a shrinking workforce, higher costs for supporting the elderly, and slower economic growth.
Why are Asian countries experiencing a decline in fertility rates?
—Factors contributing to this trend include high childcare costs, soaring housing prices, and gender inequality.
Are governments doing anything to reverse the declining fertility rates?
—Yes, governments are spending billions of dollars on measures such as payments for new parents, extra nurseries, tax incentives, and parental leave.
Have these measures been effective?
—So far, these measures have had little impact in reversing the declining fertility rates.
What are the long-term consequences of declining fertility rates?
—The long-term consequences include a shrinking population, an aging society, and increased financial burden on governments.
00:04South Korea's fertility rate is at a record low of 0.72 births per woman.
01:15Governments are spending billions of dollars to boost fertility rates, but with little impact.
02:35High childcare costs, soaring housing prices, and gender inequality contribute to the declining fertility rates.
03:27Marriages are falling and fewer babies are being born due to these underlying problems.
04:13The declining fertility rate poses a population crisis and long-term consequences for these countries.
