Bad news for CalPERS. The Daily Mail reports:
With childbirth shrinking significantly in all major ethnic and racial groups since 2000, the state has now slipped below the ‘replacement rate’ of 2.1 babies per woman of childbearing age.
And with the ‘babyboom’ generation set to retire, there are not enough children born to fulfill the space they leave as taxpayers.
In 1970, California averaged about 21 seniors per 100 working age adults. By 2030, that number is predicted to rise to 36 per cent of working age adults.
... this demographic shift mirrors those in other states, including New York, Illinois, Michigan and Massachusetts.
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