EUROPE - The number of retirees relative to workers in the EU27 is set to double by 2060, according to data from EU statistical office Eurostat.
This means there would be only two workers for every person aged 65 or more in 2060, compared to a ratio of four to one today, according to the study.
The old age dependency ratio is projected to be more than 60% in Bulgaria, the Czech Republic, Latvia, Lithuania, Poland, Romania, Slovenia and Slovakia, and less than 45% in Denmark, Ireland, Cyprus, Luxembourg and the UK.
The study said the change would be a result of persistently low fertility and increased longevity.
This ageing process would occur in all EU member states. In 2060, the share of the population aged 65 or more is projected to range from 23.6% in Luxembourg, 24.7% in the United Kingdom and 25.0% in Denmark to 36.2% in Poland, 36.1% in Slovakia and 35.0% in Romania.
The study concluded from 2015 onwards deaths would outnumber births and population growth due to natural increase would cease. From this point onwards, positive net migration would be the only population growth factor.
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