'Japan’s demographic crisis provides some lessons for where America might be headed. In 2017, the USsaw the fewest babies born in 30 years! Why does this matter? Well, it’s hard for an economy to grow with fewer workers. And as more people age out of the workforce, a swelling number of retirees must depend on a shrinking number of working people to power the economy. The tax base required to fund public services for those retirees — including health care and elder care — also shrinks. But it turns out things could be worse — a lot worse. We could be Japan, whose unfolding demographic crisis provides some lessons for where America might be headed. Meanwhile, deaths in Japan hit their highest level in nearly a century. Put together, that means the country’s population is shrinking rapidly, experiencing its largest natural decline on record.'