The Youth Bulge, also referred to as the Youth Dividend or Demographic Dividend, is a phenomenon whereby high rates of birth and low rates of infant mortality result in a large percentage of the population being under the age of 25. For example, in Africa, children under age 15 account for 41 % of the population and young persons aged 15 to 24 accounted for a further 19 % in 2015. Latin America and the Caribbean and Asia, which have seen greater declines in fertility, have smaller percentages of children (26 and 24%, respectively) and similar percentages of youth (17 and 16 % respectively). In total, these three regions are home to 1.7 billion children and 1.1 billion young persons in 2015.