S4 Eps 1 The Demographic Cliff
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S4 Eps 1 The Demographic Cliff
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About this listen
Most Americans would probably rather forget the Great Recession that began in 2007. But as long ago as it may seem, it triggered something that is about to become a big problem: Americans started having fewer babies, and the birth rate hasn’t recovered since. That means a looming decline in the number of 18-year-olds. Since those are the traditional customers for universities and colleges, enrollment is projected to fall dramatically and campuses to close. In this episode, we tell you the surprising benefits of this for students and their parents — and the scary prospects for the economy, which will suffer shortages of workers just as baby boomers retire. Come with us to a college fair where recruiters line up to compete for applicants, and hear from enrollment consultants, economists, and the president of a school that has already closed.