SENIOR POPULATION SET TO TRIPLE BY 2050

via AP

The effect of the baby boomers will soon see its full impact on the world’s population dynamics. As the oldest baby boomers are passing 65 these next few years, we see more and more seniors every day. In 20 years, 1 in 5 Americans will be senior citizens. Other countries have already hit the 20% mark: Germany, Italy, Japan, and Monaco have a huge population of seniors.

According to the US Census Bureau, the world’s senior population is currently at 516 million people. In 2050, that number will rise to 1.53 million, 16% of the projected population. Europe is by far the biggest contributer to this rise, with a projected 29% of it’s citizens falling into this demographic. This growth rate we’re seeing is actually more than double the growth rate of the world population. This difference is as a result of decreased birth rates in Europe and the US and better healthcare and general health practices.

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