Population structure and ageing
On 1 January 2020, the EU’s population was estimated to be 447.3 million, with people of working age (15 to 64 years old) accounting for 64.3% of the population, with Italy (23.2%) and Greece (22.3%) having the highest proportions of people aged 65 and up. The EU’s median age increased by 2.6 years (on average by 0.26 years per year) between 2010 and 2020, rising from 41.3 to 43.9 years.
In 2020, there were 55.5 dependent working-age persons for every dependent person in the EU, with Luxembourg (43.9%) having the lowest total age dependency ratio and France (62.1%) having the highest. The EU’s population is expected to continue to age, and the number of elderly people is expected to rise significantly in the coming decades.
Source data for tables and graphs
A population and housing census was conducted in all EU Member States, EFTA countries, and EU candidate countries in 2011. Eurostat produces population projections at a national level every three years, based on the ‘usual resident population’ of a country or region, with the definition of ‘usual residence’ based on a 12-month reference period.
What is a graying of the population what happens as the number of elderly increases?
Graying is the result of two long-term trends in industrial societies: families having fewer children and people living longer.
What is the effect of increasing number of elderly in the population?
Shortage of workers. An aging population may result in a labor shortage, causing wage inflation; alternatively, businesses may be forced to respond by encouraging more people to enter the workforce by offering flexible working arrangements.
What does the graying of population mean?
The term “graying of America” refers to the fact that the American population is gradually becoming more dominated by older people, i.e., the median age of Americans is rising, which will increase the size of the older population to the point where one out of every five residents will be retired.
What is the graying effect?
This increase has been dubbed “the graying of America,” a term that describes the phenomenon of a growing percentage of the population becoming older and older. When we look at Census Bureau statistics that group the elderly by age, it is clear that we are living longer in the United States, at least.
What causes some caretakers to abuse their elderly charges?
What motivates some caregivers to abuse their elderly charges? Some conflict theorists believe that as time and technology advance, elderly people are left behind, losing social status and power.
What is the main problem with an aging population?
Population aging puts a strain on social insurance and pension systems, as well as existing social support models, and has ramifications for economic growth, trade, migration, disease patterns and prevalence, and basic assumptions about aging.
What are the negative effects of an Ageing population?
The impact of population aging is enormous and multifaceted, including deteriorating fiscal balances, changes in saving and investment patterns, labor shortages, a lack of adequate welfare systems, especially in developing economies, a potential decline in productivity and economic growth, and ineffectiveness of government programs.
What are the disadvantages of an Ageing population?
Increased pension and health-care costs are the main disadvantages of an ageing population, and an increase in the proportion of elderly people in the population raises questions about how to best finance them after retirement.
What are the two primary reasons for the graying of America?
The explanation is simple: the two reasons for the aging of the Americas are improved quality of life, particularly in the area of health, with the cure and treatment of several diseases that previously decimated entire populations.
How is the graying of America affecting our society?
With a growing population of older adults, the country may face increased demand for healthcare, in-home caregiving, and assisted living facilities, as well as a potential impact on Social Security, as we estimate that there will be three and a half working-age adults for every older person eligible for Social Security in 2020.
Where is the population growing the fastest?
Syria is the world’s fastest growing country, according to IndexMundi, with a population growth rate of 4.64 percent per year.
How is the graying of America affecting the economy?
The aging of America’s workforce has already shaved 1.2 percent off GDP this decade, according to the group, which could explain why the average rate of growth has been a meager 2.3 percent since 2009.
Who are the elderly aging in society?
The older adult population can be divided into three subgroups based on their life stage: the young-old (roughly 65u201374), the middle-old (roughly 75u201384), and the old-old (over 85).