Number of Elderly in World Will Double in 30 Years to 14% of Total Population

According to the U.S. Census Bureau, the number of people older than 65 will double to 14 percent from 7 percent of the world’s population in the next 30 years, rising to 1.4 billion by 2040 from about 506 million in the middle of last year.

The most rapid rise in the elderly population is taking place in developing countries, where the increase in the number of people 65 and older is more than double the rate in developed nations. Last year, 313 million, or 62 percent, of the world’s elderly lived in developing countries, a number that is projected to rise to more than 1 billion, 76 percent of the world’s 65-and-over population, the report said.

“Low fertility rates, extended life expectancy and better health conditions and care” are the driving forces of a global trend, said a Census Bureau demographer and co-author of the report.

“The challenges are similar in both developed and developing countries in the sense that with an aging society, caretaking will be a serious challenge for the society and the family,” he said. “Who will contribute to social insurance? And, in the family there will be fewer and fewer children available to take care of the older parents.”For more, read the article.

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Robert W. Carter, Jr. is a Virginia attorney whose law practice is dedicated to protecting the rights of the victims of nursing home and assisted living neglect and abuse in Richmond, Roanoke, Norfolk, Lynchburg, Danville, Charlottesville, and across Virginia. 



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