A modest rise has been estimated in the population of America, unveils the US Census Bureau. The US population on January 1, 2016 will stands at 322,762,018, a slight increase of .77% from a year ago. As per the census report, the estimated rise is the net result of births over deaths and an influx of immigrants.
Demographer William H. Frey, senior fellow at the Metropolitan Policy Program of the Brookings Institution in Washington, D.C, explained that the country is gradually moving towards at a slower rate than at the start of this century. The nation has making a recovery from slow growth after the recent recession had hit the nation.
Frey affirmed that an uptick in population growth is indicative of the economy’s vigor, which is important. Such kind of growth is needed to maintain a healthy economy, thinks Frey. The census report even included estimation for the world population, which is to be 7.3 billion people at 2016’s start, a rise of 1%, which means that earth’s population increased by 77.9 million people.
If the same pattern of population growth continues to take place then in the United States, a child expert will be born every eight seconds and one death will take place every 10 seconds in 2016. Immigration influx would also add to the total. After including all the factors, net result would be an increase of one person every 17 seconds.
In that rate, America can expect to witness net immigration to rise of more than 1 million people a year. As per Frey, it is healthier than the trend they have been seeing. “We’d like to have this growth or higher through immigration, through a little bit more fertility, because it will help us sustain our labor force” and “increase consumer demand for lots of products that young people and young adults and young householders need”, said Frey.
The report also suggests about health care costs to be going up at a time when revenues in finance will decline.