Editing Dependency ratio (section)

== Impact on savings and housing markets ==
High dependency ratios can lead to long-term economic changes within the population such as saving rates, investment rates, the housing markets, and the consumption patterns. Typically, workers will start to increase their savings as they grow closer to retirement age, but this will eventually affect their long-term interest rates due to the retirement population increasing and the fertility rates decreasing. If the demographic population continues to follow this trend, their savings will decrease while their long-term interest rates increase. Due to the saving rates decreasing, the investment rate will prevent economic growth because there will be less funding for investment projects. There is a correlation between labor force and housing markets, so when there is a high age-dependency ratio in a country, the investments in housing markets will decrease since the labor force is decreasing due to a high dependency population.<ref name=":0">{{cite journal|url=http://research.stlouisfed.org/publications/economic-synopses/2016/09/02/long-run-economic-effects-of-changes-in-the-age-dependency-ratio/|title=Long-Run Economic Effects of Changes in the Age Dependency Ratio| vauthors = Santacreu M |journal=Economic Synopses|year=2016|volume=2016|issue=17|publisher=Federal Reserve Bank of St. Louis|doi=10.20955/es.2016.17|s2cid=157614792|access-date=September 2, 2016|doi-access=free}}</ref>