and the whole of south korea is below one. italy and spain are about 1.2, below one. italy and spain are about1.2, and indeed, greece is the same as japan. so many, many low income high income countries have low child bearing. in a way, it was surprising that he decided to make such a dramatic announcement. what do you think of the factors behind it? this is a problem that s gone on for some time, but talk about the background and the factors here. it s interesting you talk about a problem, but it s a natural development. as you educate women, they choose to have one or two children. many women are choosing to be childfree, and as a consequence, it s inevitable that across the 21st century, child bearing will fall and populations are going to decline and age. i think there are lots of things you can put in place. and if you increase the health
gone on for some time, but talk about the background and the factors here. it s interesting you talk about a problem, but it s a natural development. as you educate women, they choose to have one or two children. many women are choosing to be childfree, and as a consequence, it s inevitable that across the 21st century, child bearing will fall and populations are going to decline and age. i think there are lots of things you can put in place. and if you increase the health of your population, it can work longer and the can have a huge impact on the concerns around the economy. i want to tell you about a toddler who has become britain s youngest member of mensa, the world renowned society for those with high iqs. teddy hobbs, who became a member at the age of three, can count from one to a hundred in seven different languages.
was more than two million. earlier i spoke with sarah harper, professor of gerontology at the university of oxford, who talked us through the importance of this warning. it was, but it was not at all unexpected. japan is known for many decades of its child bearing rates going down, and in the mid 90s, it was already trying to put in plans to encourage women to have more children. japan is by no means the lowest in the world. seoul, is something like 0.6 and the whole of south korea is below one. italy and spain are about 1.2, and indeed, greece is the same as japan. so many, many high income countries have low child bearing. in a way, it was surprising that he decided to make such a dramatic announcement. what do you think are the factors behind it? this is a problem that s
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back to these rate hikes? absolutely. remember, over the past couple years, housing price versus gone way up. that s a combination of a few different factors. one is the pandemic shifting people s preferences for where they want to live, how much space they want. rates were very low, interest rates were very low for a long time, and, of course, you have the aging of the millennial generation into the prime child-bearing and home-buying years. that s put pressure on prices, then the rates went trfrom 3% t over 6%. the monthly cost of paying down a mortgage has gone way up. you ve seen some impact on prices on far, but not nearly enough for offset the as a result if you talk to economists, particularly since