Monday, July 20, 2009

US Census Bureau: Seniors will soon outnumber kids


Seniors Will Soon Outnumber Kids

Guardian, UK - The world is about to cross a demographic landmark of huge social and economic importance, with the proportion of the global population 65 and over set to outnumber children under five for the first time.

A new report by the US census bureau . . . shows that within 10 years older people will outnumber children for the first time. It forecasts that over the next 30 years the number of over-65s is expected to almost double, from 506 million in 2008 to 1.3 billion - a leap from 7% of the world's population to 14%. Already, the number of people in the world 65 and over is increasing at an average of 870,000 each month.

. . . An important finding of the report is that the wave of ageing that has until recently been considered a phenomenon of the developed world is fast encroaching on poorer countries too. More than 80% of the increase in older people in the year up to July 2008 was seen in developing countries.

By 2040, the poor world is projected to be home to more than 1 billion people aged 65 and over - fully 76% of the world total.