The Burden of Supporting the Elderly

Posted by The Popular News Today on Friday, June 10, 2011

By CATHERINE RAMPELL

As part of its giant data release on Tuesday, the Organization for Economic Cooperation and Development has put together numbers on the old-age support ratio. That refers to the number of people who are of working age (20 to 64 years old) relative to the number of people over retirement age (older than 65).

One reason for America’s fiscal problems is that the population is aging, meaning that there are relatively many old people to care for and relatively few young workers to support them. (Immigrants are helping with this burden, though.)

The United States is by no means the most challenged in this regard:



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