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Through 2050, the United States is projected to remain in third place behind India and China among the world’s most populous countries with 423 million inhabitants. China of course has been the world’s largest auto market for three years now, and will likely remain so for the next decade. While this looks like a large increases in the number of persons in the U.S., the rate of population growth, is projected to decrease during the next six decades by about 50 %. The decrease in the rate of growth is mostly due to the aging of the population and, consequently, a dramatic increase in the number of deaths. From 2030 to 2050, the United States would grow more slowly than ever before in its history, potentially an economic disaster with potentially grave implications for economic expansion, revenue and national wealth. Continue reading →