Daniel Baksa, Zsuzsa Munkacsi and Carolin Nerlich in this research:
Europe’s population is ageing, and this trend is expected to continue over the coming decades. The demographic changes are captured by the change in the old-age dependency ratio, which measures the size of the elderly population – defined as people aged 65 years and older – in relation to the working-age population – aged 15-64. According to Eurostat, between now and 2070 the ratio for the euro area will rise strongly from 30% to 52%, with considerable differences across countries. Two-thirds of this increase will be concentrated in the next decade and a half, as the large “baby boom” generation born 1955-70 will be over 65, while life expectancy will keep rising and the fertility rate will remain low or fall even further.
Ageing societies are facing major macroeconomic challenges. Labour forces are shrinking and precautionary savings are likely increasing, while…
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Utopia, you are standing in it! 
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