The world is aging rather rapidly. However, there are a few countries, that stand out from among the rest, due to the immense proportions of their citizens over 65 years of age. Nearly two billion people across the world are expected to be over 60 years old by 2050, a figure that’s more than triple what it was in 2000. Because of such increases in their aging populations, some of the world’s largest economies have started facing subsequent increases in their health-care costs, higher pension costs, and a decreasing proportion of their respective citizenries active in the workforce.
A major contributing factor to this trend has been diminishing fertility rates in these countries in recent decades, further compounded by longer lifespans. In order to adapt to their increasingly aging populations, many countries have raised the retirement age, reduced pension benefits, and have started spending more on elderly care. With lesser numbers of individuals entering the population and people living much longer lives, people above the age of 65 now make up an increasing share of the world’s total population.
Here are the top 20 countries with the oldest populations in the world.
% of population over 65 years old