Elon Musk, head of Tesla and SpaceX, said the US is facing a “huge payback” for low birth rates.
Thus, the businessman commented to the Reuters news that the reserves of the main trust fund of the US social security system will run out in 10 years.
Musk warned the US of the danger.
“There’s a big payback due to the low birth rate,” the entrepreneur wrote on Twitter.
In January, Bloomberg WroteThe impending demographic crisis, which will lead to a decline in birth rates, will create particular problems for the United States, the world’s largest economy. Damage could threaten a number of US manufacturing sectors, including industrial and high-tech sectors.
Previously, demographers had said that in 2050 Russia’s will leave Top 10 countries by population and the USA will remain in the top ten.