This trend would have a detrimental effect on economic growth. There may be a labor shortage if too many people retire with not enough people to replace them, stagnating the economy.
As the population ages and the number of individuals under 18 decreases, the labor force may shrink, leading to a potential shortage of workers. This could hinder economic productivity and growth, as fewer individuals may be available to fill jobs and contribute to the economy, ultimately leading to challenges in sustaining economic growth.