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The population of people aged 65 and over is rapidly increasing. By 2100, more than 23% of the world’s population will be 65 or older. The proportion of children is expected to decrease as the population ages, and the dependency ratio in developed countries will exceed 50% before 2025. Older Americans spend about 13% of their income on healthcare.
The population of people aged 65 and over is growing rapidly. The United Nations estimates that by 2100, more than 23 percent of the world’s population will be 65 years of age or older, up from 7.6 percent in 2010. By 2050, for the first time, the population of those aged 60 or older will equal to the population of those 15 or younger.
Further information on the population:
The proportion of children is expected to decrease as the population ages. By 2050, about 15% of the population is projected to be 15 years of age or younger, up from about 35% in 1950.
The dependency ratio in developed countries, or the proportion of older people who depend on young people for care, is projected to exceed 50% for the first time before 2025. By 2025, around 40% of the population in developed countries developed will have to take care of the remaining 60 percent. Globally, the number of people of working age per older person is projected to decrease by 50% by 2060.
Older Americans spend about 13% of their income on health care, more than double that of the younger population. More than 90 percent of those age 65 or older in the United States rely on the government for their medical care.
