US population growth is the lowest it’s been since 1918. Here’s why that’s terrible news for the economy.

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America’s population grew only 0.48% in 2019, according to new Census figures released at the end of December. It’s a trickle unseen since the end of World War I in 1918 — and the trend carries major economic implications for the nation’s long-term future.

Three key elements in the population slowdown over the last year included fewer US births, a reduced number of new immigrants, and the overall graying of Americans. The birth rate and immigration have historically driven the nation’s changing population dynamics. …

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