Seniors

• The proportion of people aged 80 or over in the EU-28 population is expected to more than double by 2050 (from 5.4% of the population in 2016 to 11.4% in 2050).
• The number of Americans over 65 years of age are expected to double from approximately 50 million today to almost 100 million by 2060.
• In the coming decades, the developed world's demand for workers to pay its pensions and work in its service sector will soar alongside the booming supply of young people in the third world.
• Changing consumer demands and an ageing society where, by 2050, 55 countries will have 1/3 of their population older than 60 years old.
• The number of people aged 60 years or older is expected to rise from 900 million to 2 billion between 2015 and 2050, representing a growth from 12% to 22% of the total global population.
• Within the next three decades, China will have the oldest population on the planet: by 2050, 39% of Chinese people will be over 65.
• An ageing population and rising healthcare costs mean that the cost of maintaining the current UK welfare state will rise by £36 billion a year by 2030.
• China will have to grapple with ageing related issues by 2045, it said, pointing out that the Communist country will have 350 million people aged over 65 as against 200 million in India.
• People in the most deprived areas of England can expect to have two or more health conditions at 61 years - 10 years earlier than people in the least deprived areas.
• Each year, 91 million people in Africa fall ill due to foodborne diseases; of these 137,000 will die, including children and the elderly.
• The number of elderly people over the age of 80 is predicted to increase by 44% in Wales by 2030.
• The number of people aged over 80 in the UK is set to double by 2050 and demand for care services and purpose-built facilities will only increase.
• For the world as a whole, the elderly will grow from 6.9 percent of the population in 2000 to a projected 19.3 percent in 2050.
• By this standard the proportion of elderly people in the United States was 12.6 percent in 2000, compared with only 4.1 percent in 1900; it is projected to increase to 20 percent by the year 2030.
• With an ageing population, the demand for alternative pain relief options is increasing, and the medical cannabis market is expected to be worth $100 million by 2025.
• 5G will help super-charge the mobile device market in the coming years, with assistive robots, hearables, and other helpful devices adding to the multitude of connected devices entering homes.
• With the costs of wind and solar expected to fall even further in the years to come, it is probable that private companies will increasingly close their ageing coal power stations early, replacing them with cheaper renewable energy.
• According to the Economic and Social Commission for Asia Pacific, the total number of elderly people is expected to double by 2050, which will be around 1.3 billion from 547 million in 2016.
• The government has said that if the UK leaves the EU without a deal, it will continue to uprate state pension payments to people living in those countries in 2019 and 2020.
• Based on DWP analysis, by 2030 almost 80% of those UK pension scheme members with GMPs who transition to the new State Pension are expected to receive higher State Pension payments than under the old system over their lifetime.
• The replacement of ageing pipelines in Europe is expected to gain high market growth over the coming years.

Last updated: 15 May 2019