Published 6 days ago • loading... • Updated 4 days ago
Report: Elderly Now Outnumber Young Children Worldwide
The shift is driven by falling birth rates and longer lifespans, with seniors projected to grow from 852 million to 2 billion by 2060, the report says.
People age 65 and older now outnumber children five and younger globally for the first time in recorded history, according to a new report released by the Census Bureau.
Falling birth rates and longer lifespans have driven this demographic shift, with the report stating that "the fact that people are living longer is one of the primary driving factors."
Globally, the share of people 65 and older is forecast to nearly double from 10.5 percent to 19.6 percent by 2060, as the world adds another 2 billion people.
Africa is expected to more than quadruple its older population from 60 million to 249 million by 2060, overtaking Europe's projected 214 million older residents.
Census contributor Andrew Scott said this shift "could force societies to rethink old age as an economic asset rather than simply a cost," provided preventive health is prioritized.
By 2060, one in five people worldwide is projected to be 65 years or older. In particular, South Korea is expected to become the most aged country in the world by 2060. As of last year, the global population aged 65 and older already surpassed the number of children aged five and under for the first time in history. On the 31st of last month, the U.S. Census Bureau