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What "demographic decline"?
Sounds to be more a case that the parasite class is worried that the "surplus labor" (ie, impoverished people) might not be all that surplus for much longer.
"Demographic decline" is when the population of an area shrinks because more people are dying off than being born. From an economic standpoint, this is bad for a few reasons (regardless of the underlying economic system)—
Some countries are already experiencing demographic decline. It's bad for everyone, but it's much worse for rich people than for poor people (in absolute terms), at least in capitalist countries, because rich people have much more direct exposure to the macroeconomic forces that result from it. Additionally, a lot of rich people's wealth is tied to growth. Infinite exponential growth is impossible; it's not a sustainable model for wealth. But they have a lot to gain from at least postponing the pyramid's collapse until after they die.