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Detailed text transcripts for TV channel - FOXNEWS - 20180318:10:54:00

Program and business of finance at the kings college right here in new york city city, my good friend brian. we re going to have more older folks than we re going to be kids by 2035. why does that matter? it matters for so many reasons. the most practical reason is young people pay for the retirement of our older citizens. if you see births rates declining and you see life expectancies increasing the way they are, we can t pay for things like social security, medicare and et cetera. that s why by 2034 you see social security cutting benefits. so that s number one. the economy grows faster when you have younger people in the economy because they re driving innovation, entrepreneurship. as the population ages, you the economy slows down. why are we having less kids today? it s a massive cultural question but one of the things is the strength of the economy when the economy goes in the tank, you see birthrates ....

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