Congressional Budget Office Lowers U.S. Population Projections

This week, the Congressional Budget Office once again reduced its population projections for the U.S. for 2025-2055. Last year, in its 30-year forecast, the CBO had projected that the U.S. population would be about 383 million by 2054. This week’s projection lowered the 2055 projection to 372 million, approximately a 2.8% decrease. If the CBO is correct, the U.S. population will grow by about 22 million or 6% (350 million→372 million) over the next thirty years. It will be the slowest population growth in the country’s history.The lower projection is based on the fertility rate…