WASHINGTON, May 22 (UPI) — The U.S. dependency ratio is poised to soar from 22 in 2010 to 35 in 2030 as baby boomers age, officials of the U.S. Census said.
The dependency ratio is the ratio of those typically not in the labor force age 20 and under and those 65 and older dependent on the working population of those ages 20-64. The higher the old-age dependency ratio, the greater the potential burden on the working population.
After 2030 the ratio of the aging population to the working-age population will rise more slowly, to 37 in 2050, the census report said.
The projections are not based on 2010 U.S. Census results, it is a projection from the 2000 Census using births, deaths and net international migration data.
“This rapid growth of the older population may present challenges in the next two decades,” Victoria Velkoff, assistant chief for estimates and projections for the Census Bureau’s Population Division, said in a statement.
“It’s also noteworthy that those 85 and older — who often require additional caregiving and support — would increase from about 14 percent of the older population today to 21 percent in 2050.”
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