The U.S. Census Bureau recently reported that the dependency ratio, or the number of people 65 and older to every 100 people of traditional working ages, is projected to climb rapidly from 22 in 2010 to 35 in 2030. This time period coincides with the time when baby boomers are moving into the 65 and older age category. After 2030, however, the ratio of the aging population to the working-age population (ages 20 to 64) will rise more slowly, to 37 in 2050. The higher this old-age dependency ratio, the greater the potential burden.
The projections are not based on 2010 Census results. Rather, they project 2000 Census counts forward using components of population change — births, deaths and net international migration.
The expected steep rise in the dependency ratio over the next two decades reflects the projected proportion of people 65 and older climbing from 13% to 19% of the total population over the period, with the percentage in the 20 to 64 age range falling from 60% to 55%.
The findings are contained in the report, “The Next Four Decades: The Older Population in the United States: 2010 to 2050,” which presents information on how the age structure of the overall population and the composition of the older population in terms of age, sex, race and Hispanic origin are expected to change over the next four decades. The report provides an analysis of national population projections released in August 2008.
As aging continues to be an issue and have far reaching impact, on the economy, on families and on individuals it now appears that the sins of the father will visit the sons, sort of.