Italian welfare systems are already struggling to cope with the ageing of the population, and there is no consensus on what to do about it.
Italy has long had one of the lowest birth rates in the EU, and the country is ageing at a much faster rate than other member states, and it appears to be getting worse.
According to government statistics, the average number of children per Italian woman has dropped from 1.24 in 2022 to 1.2 in 2023. Experts say that if the country’s population crisis continues, Italy’s population of 59 million could fall by almost 1 million by 2030.
And the effects of the crisis are already being felt, with the ageing of the population causing problems for Italy’s healthcare and pension systems.
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This is pretty much what is happening in most developed economies, unfortunately. Because real estate became a very profitable investment, and as a result we are now running out of affordable accommodation.
It is going to be interesting, when the baby boomer generation starts dying because of old age. There is only so much that buying up for investment purposes can maintain a market without people wanting to life in the houses.
They would leave the houses empty to keep prices high.
Italy’s problems aren’t new. Am Italian.
Although this sounds reasonable, the countries with the highest birth rates in the world are Niger, Chad, Congo and Somalia. If not being able to afford a high quality of life was the cause of decreasing birth rates as you say, we would expect these countries to be doing even worse than Italy because being able to afford your basic needs is even worse there.