Tuesday, July 28, 2009

World's elderly to overtake number of infants

With every passing month, another 870,000 people turn 65 and the world's cohort of pensioners becomes larger still. Thanks to rising life expectancy, their ranks will soon be growing by almost two million a month and, by 2040, their numbers will have doubled to 1.3 billion. This will reduce the size of the working population and impose huge new pension costs, threatening to reduce the overall growth of the world economy. The US Census Bureau predicts pensioners will soon overtake the number of infants under the age of five because old people are now increasing faster than the very youngest human beings. Telegraph

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