Seniors

• By the year 2040, Malaysia is forecasted to be an ageing country with an elderly population of about 14.5% and the fourth-fastest ageing nation with an increase of 269% between 2008-2040.
• NSW seniors at risk of social isolation during the COVID-19 pandemic will be the focus of $600,000 in funding to keep our older community connected.
• The population of Singapore over the age of 65 is expected to reach 26.6% in 2035, whereas the ageing population in Thailand is expected to reach 22.8%.
• The elderly population in Himachal is projected to grow at a rate of 3.1% annually and is expected to reach 1.1 million by 2026, which will be about 15% of its total population by that year.
• Addressing social isolation is critical as the number of Americans ages 65 and older is projected to more than double by 2060, with seniors' share of the total population expected to rise from 15% to nearly 24%.
• Although growth in Dutch business employment will decline to 1.1% in 2020 and 0.9% in 2021, the increase in the labour supply will decline, due to the ageing population and the fact that less growth means fewer people will want to join the labour market.
• Complicating matters for US retirees, 2020 was to be the first year since 1982 that Social Security paid out more than it takes in, beginning a trend that is expected to continue into the next century.
• The impact of ageing on our healthcare systems will be profound and unprecedented, and treatment strategies will need to adapt to ensure patients receive the best treatment throughout their extended life expectancies.
• Amid the COVID-19 crisis, the global market for Disabled and Elderly Assistive Technology estimated at US$ 21 Billion in the year 2020, is projected to reach a revised size of US$31.
• The challenges associated with having an ageing population are not unique to Wales and will need to be confronted by most developed countries over the coming years.
• Due to ageing populations and increases in noncommunicable diseases, more than 2 billion people will need at least one assistive technology by 2050.
• Over the coming decades, and combined with an ageing population, a new challenge will be multiple - conditions - both physical and mental.
• Malaysia was expected to experience ageing population in 2030 with the percentage of the population aged 60 years and over at 15.3%.
• The UK's population is ageing and by 2037, it is forecast that 13% of the population will be 75 or older - an increase of more than 60% from today.
• In the coming decades governments will face still more pressure on their budgets from the pension and health-care spending associated with an ageing population, investments to fight climate change, and any further catastrophes in the mould of covid-19.
• Elderly Care Market is expected to gain market growth in the forecast period of 2020 to 2027.
• The Irish Government report has warned about an imminent pension time bomb as the number of people entitled to the State pension, the single largest block of social welfare expenditure, is set to double in the next 36 years.
• The curious anomaly of population decline, long-term emigration trends, ageing populations and hostility toward immigration raises a number of strategic policy questions that some European countries will likely face for years to come.
• Dementia is one of the major health challenges of the 21st century that could threaten successful ageing of the population.
• Between 2050 and 2080, OECD countries will need at least 400 million new workers to maintain current pension and health schemes, resulting from a shrinking working-age population and a growing elderly population.
• The shrinking size of households is linked to the ageing of the UK population, with growth in older households set to account for 36% of the projected 3.7 million increase in the number of UK households by 2040.

Last updated: 30 September 2020