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Graph of the week: Ageing report

Europeans are living longer than ever before. But they are also having fewer children. So, over the coming decades, the proportion of retired and elderly people will increase. At the same time, the proportion of people of working age will fall. By 2060, there will be only two workers for every person aged 65 or over. Half as many as today. Although immigration should give a helping hand, population in about half the EU Member States is expected to shrink. The EU population will only grow slightly before peaking in 2050.

The infographic below highlights the major demographic changes projected to take place over the next 50 years and their impact on public finances.

Source: Ageing Report 2015 (12 May 2015)