UK's Lower Birth Rate Set to Boost Household Living Standards.

A study into population decline by David Miles, chief forecaster at the UK's Office for Budget Responsibility, found that "the economic impacts are likely, on balance, to be positive" and "predictions of dire effects are implausible." (Bloomberg) -- Shrinking populations could actually be good for people in the world's richest nations, according to a paper that examined the impact of the UK's expected demographic slump. [Extracted from the article]