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The World Now Has More Seniors Than Young People - for the First Time In History

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Why This Matters

A U.S. Census Bureau report finds the world now has more people 65 and older than young children, with the 65+ share projected to nearly double to about 20% by 2060. That demographic inversion reshapes labor supply, consumer markets, and demand for healthcare, automation, and eldercare technology. For tech, it signals both a shrinking working-age talent pool and a fast-growing older customer base.

Key Takeaways
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"There are now more seniors in the world than young children," reports the International Business Times, citing a new report from the U.S. Census Bureau report. And it warns that "The share of the population aged 65 and over is projected to nearly double, from 10.5 percent (about 1 in 10 people) in 2025 to 19.6 percent (about 1 in 5 people) by 2060."

The world is expected to add another 2 billion people from 2025 to 2060, increasing global population from around 8 billion to around 10 billion... "Over one-half of that growth (1.148 billion) is projected to come from an increase in the population aged 65 and over," the report states. "By contrast, the population at younger ages (age 0-19) is projected to stay relatively constant due to persistent low fertility. As the size of the older population grows rapidly and the youthful age population remains roughly the same, the percentage of the population aged 65 and over is projected to increase."

The report notes that the birthrate in 71 percent of countries is now below the replacement level of 2.1. China, in particular, has seen its birthrate plummet. In 2023, birth rates per woman in China hit 1.06... Aside from lower birth rates, the fact that people are living longer is one of the primary driving factors. The report notes that people are also living a healthier, more active life for a longer time.

Read more of this story at Slashdot.