How to slow down the world’s fastest-shrinking country
BBC Sept. 2019
As natives of the poorest member of the European Union, Bulgarians have been leaving their homes in droves, contributing to the world’s fastest population decline.
Bulgaria’s population was around 9 million at the end of the 1980s, but it fell to fewer than 7 million in 2018 and is expected to fall below 6 million in 50 years.
Low birth rates are the biggest factor for such a steep decline. But what sets Bulgaria apart from other declining European countries is its massive outbound migration.
Wealth Distribution and Income Inequality by Country 2018
Bulgaria has the highest gap between rich & poor in Eastern Europe. Like other Eastern European countries, Bulgaria a low GDP but a low poverty rate.
Bulgarian Young People – The Happiest in Europe
Novinite.com Feb. 2020
Usually, Bulgaria ranks in the last places in sociological surveys. In fact, Bulgaria is among the unhappiest countries in the whole world. However, young Bulgarians don’t think so!
According to the European Social Survey, 18 percent of respondents in Bulgaria in the 15-24 age group regard themselves as happy. By this indicator, Bulgarians are number 1 in Europe.
What can Bulgaria do for young people
Over 80% of the Bulgarian citizens and over 90% of the so-called “ethnic Bulgarians” identify themselves as Eastern Orthodox Christians.
Bulgaria has a strong community and it makes Community Crowdfunding possible.
Community Crowdfunding
Besides donation, if the funding can be coming from cashback from merchants such as people eating out every day, buying out every day.
The mathematics:
- As an example, GDP per capita for Bulgaria is about US$ 7,929 per year https://data.worldbank.org
- Assumed retail merchant networks can cover all walks of life at Bulgaria.
- 5% cashback will equate to 5% x US$ 7,929 =US$400 per year
- Bulgaria has a population of 7 million. If they all participate, it will generate cashback close to US$ 2.8 B annually.
The funding can be used for young people development such as:
- Small business enterprise funds
- Young people venture funds
- Education funds
- Technology venture funds
Conclusion
It is just natural for Eastern European moving to the richer parts of the EU for work and education and in the long term, it will help Bulgaria both in education and in economics.
Bulgaria has a strong religious community and a happy sector of young people. It is a good opportunity to make good use of the country’s resources to spark local economic development for young people.
Give more hope to young people and improve the new baby birth rate.
To learn how to create a Cashback program at retail nationwide, please visit CharityiBonus.com