The baby boom generation that was once young is aging: the historical highs in median age experienced during the 1980s and 1990s (34 in 1994) adjusted to a median age of 40 in 2012. Even if there are no further declines in the fertility rate per woman, there will be declines in the total number of births to well below the annual 400 000 number, and increases above the annual 200 000 deaths until there are more deaths than births.


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