Key Takeaways
- Globally, the number of people aged 60 and over is projected to double by 2050, reaching 2.1 billion, according to the United Nations.
- In Japan, 29.1% of the population was aged 65 or older as of 2023, the highest proportion worldwide.
- Europe's median age rose from 34.4 years in 1990 to 43.9 years in 2022.
- The global old-age dependency ratio is expected to rise from 16% in 2020 to 24% by 2050.
- Life expectancy at birth worldwide increased to 73.4 years in 2023 from 66.8 in 2000.
- In Japan, healthy life expectancy for women is 75.5 years as of 2022.
- Global healthcare spending on elderly is 40% of total despite 12% population share.
- Pension spending in OECD countries averages 8.5% of GDP in 2022.
- Japan's public debt exceeds 250% of GDP partly due to ageing costs.
- Worldwide, 1 in 6 people will be over 65 by 2050.
- EU's 80+ population to triple to 30 million by 2100.
- US centenarians projected to reach 600,000 by 2050 from 80,000.
- In US, nursing home residents to increase 50% by 2030.
- EU long-term care recipients number 15 million in 2023.
- Japan's care workers shortage projected at 500,000 by 2025.
Rapid global ageing will strain societies and healthcare systems worldwide.
Demographics
- Globally, the number of people aged 60 and over is projected to double by 2050, reaching 2.1 billion, according to the United Nations.
- In Japan, 29.1% of the population was aged 65 or older as of 2023, the highest proportion worldwide.
- Europe's median age rose from 34.4 years in 1990 to 43.9 years in 2022.
- The US population aged 65+ increased by 38.6% from 2010 to 2020, reaching 55.8 million.
- China's elderly population (60+) hit 280 million in 2023, comprising 19.8% of total population.
- In South Korea, the proportion of people over 65 reached 18.4% in 2023.
- India's elderly (60+) population was 149 million in 2021, projected to 194 million by 2031.
- Australia's over-65 population share grew from 13.1% in 2011 to 16.5% in 2022.
- In Italy, 24.1% of the population was 65+ in 2023.
- Germany's median age was 47.8 years in 2022, up from 42.4 in 2002.
- Brazil's elderly population (65+) doubled to 10.9% between 2000 and 2022.
- In Canada, seniors (65+) made up 19% of population in 2023.
- Russia's over-65 share was 16.5% in 2022.
- France's 75+ population grew by 25% from 2010 to 2020.
- In the UK, 18.6% were 65+ in 2022.
- Spain's elderly dependency ratio reached 32.5% in 2023.
- In Sweden, life expectancy at birth was 82.5 years in 2022, contributing to ageing.
- Portugal's 65+ population hit 23.4% in 2023.
- In Greece, 22.3% were over 65 in 2022.
- Finland's median age was 43.1 years in 2023.
- In the Netherlands, elderly share rose to 20.4% in 2023.
- Austria's over-65 population was 19.7% in 2022.
- In Belgium, 20.2% were 65+ in 2023.
- Denmark's elderly ratio was 20.6% in 2022.
- Norway's 67+ population share was 17.2% in 2023.
- Switzerland's median age reached 43.2 years in 2022.
- In Ireland, 65+ grew to 14.1% in 2022.
- New Zealand's elderly share was 16.5% in 2023.
- Singapore's 65+ population hit 13.2% in 2023.
- In Taiwan, 17.9% were over 65 in 2023.
- Thailand's elderly (60+) reached 20.5% in 2023.
Demographics Interpretation
Economics
- Global healthcare spending on elderly is 40% of total despite 12% population share.
- Pension spending in OECD countries averages 8.5% of GDP in 2022.
- Japan's public debt exceeds 250% of GDP partly due to ageing costs.
- In EU, age-related public spending to rise 3% of GDP by 2070.
- US Social Security outlays reached $1.2 trillion in 2023 for 67 million beneficiaries.
- Labour force participation for 65-69 in OECD fell to 35% in 2022.
- China's worker-to-retiree ratio dropped to 5:1 in 2023 from 10:1 in 2000.
- In Italy, pensions consume 16% of GDP.
- Germany's healthcare spending on over-65s is 45% of total.
- UK fiscal costs of ageing projected at £15 billion extra by 2030.
- In South Korea, elderly poverty rate is 43.4% in 2022.
- France's long-term care spending is 1.5% of GDP.
- In US, Medicare spending grew 8.7% to $944 billion in 2022.
- Spain's pension deficit reached €20 billion in 2023.
- Australia's superannuation assets hit AUD 3.5 trillion in 2023, driven by ageing.
- In Canada, age-related spending to rise from 11% to 15% of GDP by 2060.
- Sweden's elderly care costs 4.2% of GDP.
- In Netherlands, 25% of workforce will be 55+ by 2030.
- Brazil's pension reform saved 1.3% of GDP annually.
- India's elderly healthcare costs to double by 2030.
- In Switzerland, old-age dependency ratio at 32% in 2022.
- Finland's public expenditure on pensions 12.5% GDP.
- In Belgium, ageing to add 4% GDP to spending by 2050.
- Norway's oil fund supports 20% elderly population.
- In Singapore, CPF savings for retirement cover 60% needs.
- Denmark's pension assets-to-GDP ratio is 170%.
- In EU, silver economy valued at €3.7 trillion in 2022.
- Portugal's elderly poverty rate 18.2% in 2022.
- In global terms, ageing reduces GDP growth by 1% per decade.
Economics Interpretation
Health
- The global old-age dependency ratio is expected to rise from 16% in 2020 to 24% by 2050.
- Life expectancy at birth worldwide increased to 73.4 years in 2023 from 66.8 in 2000.
- In Japan, healthy life expectancy for women is 75.5 years as of 2022.
- Alzheimer's disease affects 55 million people globally, mostly elderly, with 10 million new cases yearly.
- 15% of adults over 60 suffer from a mental disorder worldwide.
- Falls cause 37.3 million injuries requiring medical attention annually in those 65+.
- Multimorbidity affects 65% of people over 85 in high-income countries.
- Hearing loss impacts 1 in 3 people over 65 globally.
- In the EU, 40% of those 65+ have three or more chronic conditions.
- Osteoporosis causes 8.9 million fractures yearly worldwide, mostly in elderly women.
- Depression prevalence among elderly is 7% globally, rising to 17% in care homes.
- Vision impairment affects 2.2 billion people, 65% preventable, many elderly.
- In the US, 80% of older adults have at least one chronic disease.
- Pneumonia is the leading infectious cause of death in over-65s, with 2.5 million deaths yearly.
- Sarcopenia affects 10% of community-dwelling elderly over 60.
- In Australia, 50% of 75+ have dementia or mild cognitive impairment.
- COPD prevalence in 65+ is 14.4% globally.
- In UK, 1 in 6 people over 80 have dementia.
- Heart disease accounts for 26% of deaths in US 65+.
- In Canada, 90% of seniors have at least one chronic condition.
- Diabetes prevalence in elderly is 20.9% in high-income countries.
- In Japan, 25% of 65+ have frailty syndrome.
- Cancer incidence rises sharply after 65, accounting for 50% of cases.
- In EU, 30% of 65+ report loneliness impacting health.
- Stroke is 4th leading cause of death in 65+, with 6.5 million deaths yearly.
- In US, 50 million adults 65+ take 5+ medications daily, risking polypharmacy.
- Malnutrition affects 5-10% of community elderly, 50% in hospitals.
- In China, 15% of 60+ have depression.
- Parkinson's affects 1% of 60+ worldwide.
- In Brazil, hypertension in 65+ is 74%.
Health Interpretation
Projections
- Worldwide, 1 in 6 people will be over 65 by 2050.
- EU's 80+ population to triple to 30 million by 2100.
- US centenarians projected to reach 600,000 by 2050 from 80,000.
- Japan's population to shrink 30% by 2070, with 40% over 65.
- China's 65+ to peak at 400 million by 2050.
- India to have 340 million elderly by 2050.
- South Korea's elderly share to hit 40% by 2060.
- Germany's population to decline 10% by 2050, median age 50.
- Italy's fertility rate at 1.24 will make 35% elderly by 2050.
- UK's over-85s to double to 2.7 million by 2040.
- France's dependency ratio to 50% by 2050.
- Spain's 65+ to 30% by 2050.
- Australia's 65+ to 23% by 2066.
- Canada's seniors to 25% by 2040.
- Brazil's elderly to 25% by 2050.
- Russia's life expectancy to 78 by 2030.
- Sweden's median age to 47 by 2070.
- Netherlands' 75+ to quadruple by 2100.
- Finland's population peak passed, 65+ to 30% by 2050.
- Belgium's old-age dependency to 45% by 2050.
- Switzerland's 80+ to 15% by 2050.
- Norway's elderly share to 26% by 2060.
- Denmark's super-elderly (80+) to 10% by 2047.
- Portugal's 65+ to 32% by 2050.
- Greece's population to halve by 2100 due to ageing.
- Ireland's median age to 45 by 2051.
- Singapore's life expectancy to 85 by 2030.
- Thailand's elderly to 30% by 2035.
- Global healthy life expectancy to rise 5 years by 2050.
Projections Interpretation
Social Services
- In US, nursing home residents to increase 50% by 2030.
- EU long-term care recipients number 15 million in 2023.
- Japan's care workers shortage projected at 500,000 by 2025.
- UK dementia care costs £42 billion annually.
- In US, 70% of 65+ will need long-term care.
- China's eldercare facilities house 8 million, need for 100 million.
- Australia has 250,000 aged care places for 3.7 million seniors.
- Germany's home care recipients rose 20% to 4 million since 2017.
- In Canada, wait times for long-term care average 6 months.
- France's APA benefits 1.6 million elderly.
- Italy's non-self-sufficient elderly number 3 million.
- Spain's residential care beds for elderly: 400,000.
- Sweden's municipal eldercare serves 20% of 80+.
- Netherlands' home care budget €10 billion yearly.
- Finland's care allowance paid to 100,000 elderly.
- In UK, unpaid carers for elderly: 5 million.
- Belgium's family caregivers: 1.4 million.
- Switzerland's home care spending CHF 12 billion.
- Norway's nursing homes have 40,000 beds.
- Denmark's eldercare staff: 200,000 FTE.
- Portugal's social support for elderly: €1.2 billion.
- In Brazil, family provides 90% of eldercare.
- India's old age pension reaches 25 million beneficiaries.
- Singapore's community care for seniors: 20,000 beds planned.
- Thailand's universal coverage for LTC starts 2025 for 1 million.
Social Services Interpretation
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