Signal OECD old age ratio from 20% to 31% over forty years, and 58% projected for 2060

Summary

Citing the OECD's Pensions at a Glance report, the Megatrends 2040 report states that the number of people aged 65 and over relative to the working-age population in OECD countries has risen from 20% to 31% over the past forty years. By 2060, that ratio is expected to roughly double to 58%. The OECD singles out Greece as one of the countries where ageing is expected to be especially rapid. Rapid ageing continues to strain pension systems and is also expected to increase pressure on health services, long-term care and public finances. The report adds that an ageing workforce will hold back economic performance unless it is offset by other factors.