Aging Population

 The world’s population is ageing: virtually every country within the world is experiencing growth within the number and proportion of older persons in their population.   Population ageing is poised to become one among the foremost significant social transformations of the twenty-first century, with implications for nearly all sectors of society, including labour and financial markets, the demand for goods and services, like housing, transportation and social protection, also as family structures and intergenerational ties. Older persons are increasingly seen as contributors to development, whose abilities to act for the betterment of themselves and their societies should be woven into policies and programmes in the least levels. within the coming decades, many countries are likely to face fiscal and political pressures in reference to public systems of health care, pensions and social protections for a growing older population. consistent with data from World Population Prospects: the 2019 Revision, by 2050, one in six people within the world are going to be over age 65 (16%), up from one in 11 in 2019 (9%). By 2050, one in four persons living in Europe and Northern America might be aged 65 or over. In 2018, for the primary time in history, persons aged 65 or above outnumbered children under five years aged globally. the amount of persons aged 80 years or over is projected to triple, from 143 million in 2019 to 426 million in 2050.

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