Marriage and population growth beyond the pandemic

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Marriage is only one element in one’s rite of passage, but it has a profound and far reaching effect on the country’s national productivity and hence, growth through its influence on fertility rate and the dependency ratio. In Malaysia, the population is projected to increase from 28.6 million in 2010 to 41.5 million in 2040. Despite seeing an increase in number, growth rate is expected to decrease from 1.8% in 2010 to 0.8% in 2040. As it now stands, our country’s population is now at 32.6 million. Within the population, younger age group (0-14 years) would see a drop from 27.4% in 2010 to 18.6% in 2040 due to lower fertility rate. For the working group aged 15-64 years, the population growth from 2010 to 2020 is estimated to grow but from 2030 onwards, the rate would fall. For the elderly group aged 65 years and above, population growth will rise from 5% in 2010 to 14.5% in 2040. A…