Individuals 65 and older are traditionally regarded to be ″elderly,″ according to tradition. According to this definition, there were slightly over 30 million senior individuals in the United States in 1987, accounting for more than 12 percent of the overall population of approximately 252 million people in the country (Table 3.1).

What do you know about population aging?

First and foremost, the population is aging at a rate that has never been seen before in human history. Globally, it is expected that by 2050, the number of people aged 60 and older would outnumber those aged 15 and under in terms of population. Population aging is second, and it is a worldwide problem that affects people of all ages in every country on the planet.

What is the elderly dependency rate?

People above the age of 65 are considered to be part of the elderly population.Total elderly and youth population expressed as a percentage of the total population is used to calculate the proportion of the dependent population in a country.The elderly dependence rate is defined as the ratio of the older population to the working-age population (15-64 years old), expressed as a percentage.