China’s Retirement Age Hike Sparks Urgency: 5 Critical Fixes the U.S. Retirement System Needs Now

4.     Encouraging Population Growth

While China’s one-child policy is responsible for its low birth rate and its ultimate retirement reforms, the declining birth rates in America are largely due to social and economic reasons. Women in the country are more motivated to establish their careers, delaying family planning in the process. Rising costs of living, lack of paid family leaves and other family-friendly policies are further leading to failing fertility levels in the country. Offering economic policies to American citizens such as affordable housing, subsidized childcare, and similar incentives will in turn encourage Americans to start family planning.