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Birthrates are declining in places (like the US) that do not have socialized pensions. (Social Security is not that... secure. And regardless, it's existed much longer than the recent birthrate decline here.)


Birthrates amongst the rich have been declining since the late 19th C. "Pension" is the answer, whether it's private or otherwise.


Because rich women started getting a choice then. Very little to do with "pension".




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