Sunday, August 29, 2010

On Europe's Aging Population


On Europe’s Aging Population

It’s no secret that, globally, populations are aging. As noted by the United Nations report “World Population Ageing” released earlier this year, population aging is “unprecedented, pervasive, profound and enduring.” On one side there is the goal of capturing the wisdom and skills of older people and on the other there are the issues of providing adequate health care and supportive services, much of these paid for by the working population.
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Population projects were conducted in 281 regions of 27 European Union Member States. The projections were based on possible scenarios resulting from births, deaths and migration.
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Projections estimated that in 2030 the median age of the regions’ population would range between 34.2 years and 57.0 years. In comparison, the range in 2008 was 32.9-47.8 years. In 2030 the projected proportion of the regions’ population 65 years or over is expected to range between 10.4% and 37.3%. In 2008, the range was between 9.1% and 26.8%.
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Because of the anticipated increase in the number of people ages 65 and older in the European Union as a whole, in 2030 it is anticipated that 100 working people will support 38 older adults (an old age dependency ratio of 38%). In 2008, 100 working people supported 25 older adults.



SOURCE: Eurostats, Regional Population Projections - August 6, 2010

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