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The burden of raising children is pushing South Korean fertility to the lowest rate in the world

The burden of raising children is pushing South Korean fertility to the lowest rate in the world
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South Koreans’ record-breaking reluctance to have babies is prompting renewed efforts to avert a demographic crisis that threatens to weigh on the country’s economic growth and social security system.

The country set another milestone for the world’s lowest fertility rate last year, and separate projections indicate its population will halve by the end of the century. Even Elon Musk has weighed in, portraying the situation in South Korea as “barely.”

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