According to data from Eurostat, due to the ageing population, the European Union's dependency ratio will reach 57 by the year 2100, which will impact taxes in the future.
The EU is a notable example of an area or country that is predicted to have populations that are ageing quickly. More than 30% of the population of the region is predicted to be 65 or older by the year 2100.
Using information from Eurostat, Gilbert Fontana's graphic depicts how the population of the EU is expected to change by the year 2100.
Dependency Ratio from 2021 to 2100
The graph shows the old-age dependency ratio, which compares the proportion of adults 65 and older who are typically retired or in need of additional income to those of working age (15-64).
The dependency ratio for the EU was 32 in 2021. This meant that there were 32 elderly individuals for every 100 people of working age. This ratio is predicted to rise to 57 by the year 2100.
But what’s the real-life impact of this?
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