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Data: William H Frey analysis of US decennial censuses 2010-2010, 2020 Census Demographic Analysis released December 15, 2020; Chart: Danielle Alberti/Axios

Even in an unlikely "high growth rate" scenario, America's population has grown at the slowest rate since at least the 1930s, according to recent Census Bureau projections for the last decade.

Why it matters: America is aging. There is a growing number of people out of the workforce, and a relatively smaller number of people trying to support them — a situation that could cripple programs like Social Security and slow economic growth.

  • In the lowest growth rate scenario, the U.S. could see the slowest 10-year increase in its population since at least the 1790s, according to analysis by Brookings Institution demographer William Frey.
  • Other new Census data found that between July 2019 and July 2020, the nation grew at the lowest yearly rate since at least 1900, largely because of the pandemic.

Americans aren't having as many babies as they used to, mirroring a trend in many developed countries.

  • The number of Americans under age 25 has been stagnant this decade in all three of the Census' projected scenarios, according to Frey's analysis.
  • The population under age 5 declined in all three scenarios.

Between the lines: The U.S. population hasn't aged as much as other nations like Japan — which has seen its overall population decline — largely because of strong immigration. But now immigration has been declining as well.

  • Census data from last year found that the immigrant population over the last decade has grown less than in any decade since the 1970s.
  • Even so, immigration has been projected to become the primary driver of population growth in this decade, given the low birth rates and the expected increase in death rates as the Boomer generation ages. It has already prevented population decline in some cities.

What to watch: The new Census data does not fully account for the near shutdown of the immigration system or the deaths caused by the coronavirus this year.

  • "We're not really seeing in this yet the true impact of COVID on population change," Frey said. "If you had to do this for another year afterwards, we would see probably even lower annual growth."

About the data: The population analysis by the Census Bureau is done every 10 years and used to compare to the official Census count, which we will get sometime early this year.

Go deeper

Updated Jan 28, 2021 - Economy & Business

2020 was the economy's worst year since 1946

Source: FRED; Billions of chained 2012 dollars; Chart: Axios Visuals

One of the last major economic report cards of the Trump era lends perspective to the historic damage caused by the pandemic, which continued to weigh on growth in the final quarter of 2020.

By the numbers: The U.S. economy grew at a 4% annualized pace in the fourth quarter, a sharp slowdown in growth compared to the prior quarter. For the full year, the economy shrank by 3.5% — the first annual contraction since the financial crisis and the worst decline since 1946.

Cuomo says words may have been "misinterpreted" following allegations of harassment

New York Gov. Andrew Cuomo at a Feb. 22 news conference. Photo: Seth Wenig/pool/AF via Getty Images

New York Gov. Andrew Cuomo issued a lengthy statement on Sunday saying he " never inappropriately touched anybody" but acknowledged that "some of the things I have said have been misinterpreted as an unwanted flirtation," after two of his former aides accused him of sexual harassment.

Why it matters: Prior to Cuomo's statement, in which he adds that he "never inappropriately touched anybody" or meant to make anyone uncomfortable, the governor's office and the state attorney general went back and forth in a public disagreement about how to investigate the allegations.

Cyber CEO: Next war will hit regular Americans online

Any future real-world conflict between the United States and an adversary like China or Russia will have direct impacts on regular Americans because of the risk of cyber attack, Kevin Mandia, CEO of cybersecurity company FireEye, tells "Axios on HBO."

What they're saying: "The next conflict where the gloves come off in cyber, the American citizen will be dragged into it, whether they want to be or not. Period."