Summary: A society needs an average 2.1 births per woman to at least maintain its population. In 2020, the US rate was at 1.6375 down from 3.654 in 1960. There are many explanations for this decline that extend beyond finances (think of the huge increases in housing, education & healthcare costs) to the insecurities associated with the demise of our culture & political landscape combined with constant geopolitical uncertainties and “forever” wars. Now we can add constant pandemic scares to the mix. In any case, this trend is certain to have dramatic long-term economic & immigration policy implications.