Final answer:
True. North America is the region most affected by a declining worker-to-retiree ratio due to factors such as an aging population and decrease in birth rates.
Step-by-step explanation:
True. North America is the region of the world most affected by a steadily declining worker-to-retiree ratio. This is due to several factors, including an aging population, a decrease in birth rates, and a significant increase in the number of people reaching retirement age.
For example, in the United States, the baby boomer generation, which is a large cohort born between 1946 and 1964, is reaching retirement age. This has led to an increase in the number of retirees compared to the number of working-age individuals.
This declining worker-to-retiree ratio has several implications. It puts pressure on social welfare programs, such as Social Security, as there are fewer workers contributing to support the retired population. It also affects the labor market, as there may be labor shortages in certain industries and occupations due to the decreasing number of available workers.