A billion elders by 2050--in China and India alone!

INTERNATIONAL: "Ageing populations: Things to look forward to; Live longer, die slower," The Economist, 2 August 2008, p. 63.

Five-fold increase for India and six-fold for China by 2050 WRT to an over-80 population, totally collectively over one billion over age 65.

As for Old Core, it gets older. Now only 1/6th of Old Core over 65 and only a quarter of them over 80. By 2050, that's a quarter over 65 and roughly 40% of them over 80.

By 2050, 4 out of every 5 deaths in the world will occur to people over 60: either cancer, heart/lung/other organ failure and dementia. Those are the three biggies.

Don't sell my clothes, Martha! I'm a ways from heading to heaven!

Comments

[Ted O'Connor]

This is having a dramatic effect on pension funds and retirement benefits. Here is an example from Chicago that I am familiar with. In the 1960's, the average Police Officer who retired, drew on the pension fund for four years. Only four years. That generation stayed working until the mandatory retirement age of 63. They were dying at 67. The pension fund was always solvent. The math was simple. Pay in for 30 years...take out for four years. Now, Officer don't hang around until age 63. They retire in their 50's. They will live another 25 to 30 years. Again the math is simple. Pay in for 25 to 30 years and take out for 25 to 30 years. The funds are in trouble. The health costs for the retirees are staggering. We have to re-think retirement. Push back mandatory retirement age where possible. In a few years, 40 million Americans will be over 65 years of age. More seniors than the entire population of Canada.